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November 27, 2012 at 13:50 PM EST
Use January Options to Play Lackluster Tiffany Ahead of Earnings
MINYANVILLE ORIGINAL The market’s recent rebound off of the post election sell-off has been fairly impressive. But it should be noted that it has been on historically light volume and crucial resistance in the S&P 500 at the 1415 level (or $141.50 on the SPDR Trust (NYSEARCA:SPY)) has yet to be cleared and closed above. This is to say nothing of all the well-known macro issues spanning from the US fiscal cliff to eurozone debt to Middle East tensions that create headwinds. And of course the final arbiter of stock values should be earnings and this past quarter’s results ...
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