Rally Is Almost Out Of Gas - Look For Profit Taking In Tech Next Week

One Option Trading Blog http://ift.tt/2pcvG6y Posted 9:20 AM ET - Yesterday the market took a breather ahead of the FOMC statement. The Fed is predicting stronger growth in Q2 and a rate hike in June is likely. Stocks barely budged after the news. ADP revealed that 177,000 new jobs were created in the private sector during the month of April. That was a little better than expected and we can expect a good jobs report on Friday. I also expect to see upward revisions to March's employment figures. ISM services came in better than expected and after a brief one month dip it bounced right back. …