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Wednesday, April 26, 2017

Good News Is Priced In - Look For Profit Taking After Trump’s Speech Today


One Option Trading Blog http://ift.tt/2q7qJQl Posted 9:30 AM ET - Yesterday the market shot higher and the Dow posted its largest two-day gain since November. Rumor has it that a hedge fund was caught short and they were squeezed. That might've contributed to the move, but good earnings and Trump's tax reform speech today provided most of the fuel. The SPY is within striking distance of the all-time high and the QQQ has broken out. Earnings have been excellent and they will climax in the next two days. Google, Bidu, Amazon, Intel and Microsoft will post after the close tomorrow. This could push us through the …

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