One Third of S&P 500 Will Post Earnings This Week

One Option Trading Blog https://ift.tt/2HLBWPy Posted 9:30 AM ET - Last week the S&P 500 briefly poked above the 100-day moving average. It was not able to hold that support level and now it represents resistance. Stocks dropped sharply on Friday on concerns that smart phone sales would be light. The NASDAQ 100 closed just above its 100-day moving average. This selling pressure is particularly bearish during the beginning of an earnings cycle. Nothing calm nerves like profits. This week 180 S&P 500 companies will post results. Buyers are nervous and they are not scooping up stocks ahead of the announcements. Results will be excellent, but …