Tuesday, July 12, 2016

New Market High - No Speed Bumps This Week - Look For Grind Higher


One Option Trading Blog http://ift.tt/29uFL7v Posted 9:20 AM ET - Yesterday the market made a new all-time high. It's been 18 months since I've been able to say that. The momentum points upward and stocks should be able to grind higher in this light news environment. Alcoa posted better-than-expected results and earnings season has officially begun. J.P. Morgan will post results on Thursday, but Q2 really will kick off until next week. I am expecting meager profit growth year-over-year. Once mega cap tech stocks report, the air will be let out of the balloon. Japan is launching a new stimulus program and Asian stocks are pushing …

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