Use the 100-day MA As Your Guide - Good News Is Priced In

One Option Trading Blog http://bit.ly/2Bllilj Posted 9:30 AM ET - Yesterday the S&P 500 broke through the 100-day moving average. That was a major technical level and momentum favors the upside. Mega cap tech stocks have reported earnings and sellers will get more aggressive. Good news is priced in and any surprise favors the downside. If the 100-day moving average is breached we will take a short position. Google posted results after the close and the stock is down almost 2%. By the end of the week most of the major earnings will be known. At a forward P/E of 16 stocks are reasonably priced. EPS …