Options Spy |IBM faces breakout resistance, institutional sell Call option orders
@OptionsBB:
The stock market extended its November rally despite continued eagle feeding from Fed officials, economic data brought good news on cooling inflation, TGT department store surged on solid earnings, and Nvidia held back 10 straight gains after Microsoft introduced its own artificial intelligence chip.On the data front, the U.S. producer price index (PPI) fell 0.5 percent in October, the biggest monthly decline since April 2020, with the sharp slowdown largely reflecting lower gasoline prices.On the same day, U.S. retail sales fell 0.1 percent in October, less than the 0.3 percent drop expected by the market, indicating slowing demand. Wednesday's data underscored that inflation is moderating, cementing investor expectations that the rate-hike cycle may be over.On the political and economic