Option Expiration
April 21, 2006 · Print This Article
The week of option expiration happened to be kind to the bulls. The march upward began Tuesday after Fed minutes were released. Within the report the majority of policymakers stated they “thought that the end of the tightening process was likely to be near, and some expressed concerns about the dangers of tightening too much, given the lags in the effects of policy.” The news led to the largest one-day advance for the Dow since April 2005 and helped to push the market higher throughout the week.
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Options Expiration
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is your state?
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RSI Wilder (5) for April 21, 2006
- SPY – 74.4 (Overbought)
- DIA – 77.8 (Overbought)
- QQQQ – 42.0 (Neutral)
- IWM – 64.9 (Neutral)
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