One Option Trading Blog http://bit.ly/2SxnmAw Posted 9:30 AM ET - Earnings season has climaxed and strong profits justify the recent bounce. The market is within striking distance of the 200-day moving average, but resistance is stiff. At a forward P/E of 16 stocks are trading near the upper end of their valuation range. Good news is priced in. Trade talks with China will continue next week and that suggests progress. Trump and Xi immediately scheduled the next meeting and both sides are anxious to find middle ground. Trump needs a deal to gain political clout and Xi needs it because his economy is slipping. Theresa May …
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