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Monday, July 25, 2016

Market Will Rally - Final Push Higher This Week - Gradually Take Profits On Longs


One Option Trading Blog http://ift.tt/2akKEC9 Posted 9:20 AM ET - The market has been able to hold the breakout, but last week it was not able to advance. Mega cap tech stocks are on deck and we should see the final push higher this week. The FOMC meeting on Wednesday will keep buyers engaged and a rate hike is not expected. Earnings season has been decent. Global monetary easing has pushed equities higher and some Asset Managers are playing catch-up. August is typically a weak month. Italian banks are laden with bad debt, Brazil is perilously close to a credit crisis and Russia is burning through …

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