10/21/2014 6:15:01 AM
Good morning Traders,
As we survey this morning's data, here's what we see:
The potential of a retest always exists. And we're still a bit cautious as even with the up date Monday, the number of new highs contracted:
So at the end of the day, this rally will be dictated by bonds:
If bonds move lower, stocks can break previous highs. That's what we're looking for.
On the Stock Options, I'd prefer to see a retest before recommending trades in our Stock Options Speculator.