FOMC Minutes Could Attract Buyers - Tech Will Stabilize This Week

One Option Trading Blog http://ift.tt/2tppawg Posted 9:00 AM ET - In the last week we've seen sector rotation. Q2 window dressing was in play and tech stocks were beaten down. The QQQ is within striking distance of the 100-day moving average. As earnings season approaches support will be tested and it will hold. Financials and basic materials stocks have been moving higher so the S&P 500 is been able to tread water. This afternoon the FOMC minutes will be released. Traders will gauge the timeline for the next rate hike. I believe the comments will be relatively dovish since half of the Fed officials don't believe …