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Alibaba's Post-IPO Run Gets Notice, Watching Currency Markets

Alan Knuckman is chief options strategist with Barchart Bullseye Options, and he's been watching Alibaba's post-IPO run,.

Alan Knuckman is chief options strategist with Barchart Bullseye Options, and he's been watching Alibaba's post-IPO run, as the stock has tracked gains all the way to the $118 range where shares stand this morning. Singles Day is making Jack Ma's online retailer some Benjamins, and U.S. retailers are bound to take notice next. Watch for other retailers to look for a pre-holiday shopping boost, tapping into the singles market here in the U.S. if Alibaba keeps building its top line. Also, the dollar has been on an epic run, but reversals in Euro currency have some traders on the run.

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