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Wednesday, July 31, 2019

Fed Could Spoil the Party Today - No Hint of Sept Rate Cut


One Option Trading Blog https://ift.tt/2SSqdlb Posted 9:30 AM ET - The market is still within striking distance of the all-time high. Apple posted a strong number and its breakout this morning will fuel the tech sector. Now that all of the mega cap tech stocks have reported I expect to see some profit-taking. The overnight news was generally positive and traders will be holding their breath for the FOMC statement this afternoon. Apple is making a new all-time high and the comments regarding China were of particular interest. Tim Cook said that they are seeing year-over-year improvement and that stimulus programs seem to be taking root. …

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