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Friday, January 27, 2017

FOMC Will Provide A Headwind - Buy Dips and Keep Scaling In


One Option Trading Blog http://ift.tt/2jZ12fn Posted 9:30 AM ET - Wednesday the market surged to a record high and yesterday it took a breather. The S&P 500 is flat before the open today and Asset Managers are likely to wait for the FOMC statement next week before they buy. Earnings season is in high gear and the early results are good. Google, Microsoft and Intel posted after the close yesterday. Google's revenues beat expectations, but they missed on the bottom line. Microsoft had a solid beat and Intel's guidance was good. Mega cap tech will set the tone and “so far so good”. Financials also look …

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