Thursday, July 28, 2016

Fed More Hawkish - Sept Rate Hike Fear Will Build - Rally Getting Tired


One Option Trading Blog http://ift.tt/2azCBEk Posted 9:30 AM ET - As expected the FOMC statement yesterday was more hawkish. The market probed for support and it immediately bounced back. This morning we are seeing some nervous jitters, but the market should be able to recover. Earnings from Apple and Facebook were excellent. After the close we will hear from Google, BIDU and Amazon. The tech sector has been leading the charge and the QQQ has broken out to a new high. If you look at SPY and DIA, they are treading water. This rally feels like it's getting tired. It will try to push higher for …

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