One Option Trading Blog http://ift.tt/2aPuQGH Posted 9:30 AM ET - The S&P 500 is compressing in a very tight range. Hawkish FOMC rhetoric did not spoil the rally, but excellent earnings from mega cap tech stocks (Google, Amazon, Facebook and Apple) did not attract buyers. Tech stocks (QQQ) have broken out to a new high, but the rest of the market is sluggish. Official PMI's will be posted Monday morning. China will be of greatest interest since it no longer publishes a flash PMI. Economic conditions in Asia and Europe are improving slightly. Japan is expected to announce a new round of stimulus next week and …
No comments:
Post a Comment