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Friday, July 27, 2018

Market Will Grind Higher - Stay Long - Make This Adjustment Today


One Option Trading Blog https://ift.tt/2va6ZvT Posted 9:30 AM ET - Yesterday the market struggled to tread water after Facebook dropped more than 20% ($120B). Tech valuations were brought into question and we are seeing rotation into other sectors. Overnight earnings reactions from tech giants were soft. The trade deal with Europe will keep a bid to the market and I still expect it to grind higher. Amazon was up after posting results and investors are breathing a little easier. Unfortunately, Intel, Electronic Arts and Twitter are down after posting. Energy will benefit from Iranian tensions, financials will benefit from a normalized yield curve, industrials will benefit …

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