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Friday, July 21, 2017

Solid Earnings and Momentum Will Be Fighting FOMC Headwind


One Option Trading Blog http://ift.tt/2gQ4L0X Posted 9:15 AM ET - The market is hitting some resistance as it moves into uncharted territory. Mega cap tech stocks are starting to post results and that will keep buyers engaged. However, the FOMC meeting next week will provide a headwind. Microsoft posted good results yesterday, but the earnings included a tax gain. The guidance was a little soft and the stock is flat after the number. Google posts Monday after the close, Facebook reports Wednesday after the close and Amazon reports after the close on Thursday. Apple is the final mega cap tech stock in my opinion and it …

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