Record Profits Hard To Resist - Market Breakout This Week

One Option Trading Blog https://ift.tt/2JMlDi1 Posted 9:30 AM ET - The market is compressing near its all-time high and trade war concerns are keeping a lid on it. Strong earnings will be too much to resist this week and I am expecting a breakout. Under allocated Asset Managers will scramble to buy stocks if we breakout. One third of the S&P 500 will report this week. That includes Amazon, Google, Facebook and Intel. Of the companies that have reported, 87% have exceeded earnings estimates and profit growth has been 21% year-over-year. These are incredible numbers and stocks are reasonably priced at a forward P/E of 16. …