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Monday, January 28, 2019

Huge News Week Will Reveal Market Strength/Weakness


One Option Trading Blog http://bit.ly/2G5xJVy Posted 9:30 AM ET - Last Friday the market staged an impressive rally, but it was not able to get through resistance at SPY $267. Rumors of a government deal and dovish comments from the Fed attracted buyers. This is an extremely heavy news week and traders will have a mountain of information to sift through. Amazon, Apple, Microsoft, Facebook and Alibaba will post results. Sellers will be passive until these announcements are made. Over 20% of the S&P 500 Has reported and 71% of companies have exceeded estimates. That is typical. China will release its official PMI this week - …

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