Tech Stocks Jump After Apple - S&P 500 Is Tired - Take Profits

One Option Trading Blog http://ift.tt/2uVuZUt Posted 9:20 AM ET - The last of the mega cap tech stocks has reported. Apple posted a great number and the stock is up 6% after the release. Tech stocks are poised to open higher, but the S&P 500 is barely in positive territory. We are in the final stages of this rally. Yesterday I provided some earnings statistics. In short profits are up a healthy 9% and valuations are not stretched. Once the tech giants have posted results the excitement wanes. We are more than halfway through Q2 earnings season and the releases will taper off. The strongest companies …