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Friday, October 27, 2017

We Needed This Rally - A Steady Grind Will Lead To A New High 


One Option Trading Blog http://ift.tt/2xsKIta Posted 9:30 AM ET - The market has been very sluggish and earnings season has not excited investors so far. We needed good results from mega cap tech stocks and we got it. The market is going to open higher this morning and we need to see follow-through. Google, Microsoft, Intel and Amazon are all trading higher this morning. Tech stocks have not been participating in the rally and this could get them going. Next Tuesday and Wednesday earnings releases will climax. The FOMC also meets next week and it will release its statement on Wednesday. That will be a fairly …

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