Tuesday, April 25, 2017

Nice Earnings Rally - Good News Is Priced In and Headwinds Will Blow 


One Option Trading Blog http://ift.tt/2q0EUnd Posted 9:20 AM ET - Yesterday the market shot higher after the French election results. Stocks were able to hold gains throughout the day and that is a positive sign. Earnings season is in high gear and Thursday will be a very important day. For the time being the focus is on profits. Earnings have been strong and the overnight results were generally positive. Stocks are poised for a higher open and the SPY will open above minor resistance at $237.20. That is a support level we can lean on today. As long as the market is above it, trade from …

No comments:

Post a Comment