One Option Trading Blog http://bit.ly/2takKKm Posted 9:30 AM ET - The upward momentum is strong and the market blew through the 100-day moving average on Monday. The S&P 500 is only 10 points away from challenging the 200-day moving average and it could happen this week. Resistance should be stiff at this level and the price action is likely to compress after a hearty bounce. Earnings season is climaxing and the results have been excellent. Earnings per share are up 18% on average and that is well above historical norms. More than 70% of companies have exceeded estimates and that is also above average. At a …
No comments:
Post a Comment