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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (89810)	2/16/2017 8:42:45 AM
From: robert b furman	Read Replies (2) \| Respond to of 221951

Good Morning GZ, After Friday's option expiration it will then be a third option expiration in a row that has run up into expiration. That statement is backed by a low series of 2cs the week before or the week right after the last options expiration periods for December January and now February. I would like to go back and see how 2 cs acted during the 1999 - 2000 run up. "The Nasdaq Composite Index (COMP) gained 36.87 points, or 0.6%, to 5,819.44. Both the S&P and the Nasdaq posted their seventh straight daily advance. While all three indexes ended at records, this was the longest streak of Nasdaq closing records since 1999." When the general stock market runs up into options expiration - I view that as a form of distributing stock at higher prices. Normally I would think there would have to be a backing and filling where the market makers need to rebuild the inventory with discounted shares. This happened in 2016 during July and August expirations - the market proceeded to retrace in a corrective fashion during Sept, Oct, and November In these unusually strong up market moves - maybe they just start selling fabricated extra shares via short sales - which the MM is allowed to create. At any rate we've got a strong Bull market making unusually big gains in the market. Maybe this thing really runs hard and we can credit the sound business views of our president vs the anti business sentiment we endured over the last 8 years. Here hoping we get to enjoy some catch up !! Several trillion in incresed stock market values should get some spending going - AND some huge capital gains taxes going into the US government coffers. Clinton never did recognize that the only surplus he ever enjoyed was the result of extra taxes paid by those who prospered so greatly in the bull market of 1998 - 2000. It could run much farther than 99% of the realistic stockholders could ever dream - like chief says only a few make it to K2. One thing for sure being short has NOT been the winner - unless you are the most of nimble. Those have been the crumbs of this market. Bob