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Monday, July 29, 2019

Short-term Market Top Coming - Major News This Week


One Option Trading Blog https://ift.tt/2LMNV1n Posted 9:30 AM ET - Earnings season has been strong so far. Fantastic results are expected and Apple will be the last of the mega cap tech stocks to report Tuesday. Amazon, Facebook, Intel, and Netflix were down after reporting and Microsoft and Google traded higher. Sellers typically remain passive in the first few weeks of earnings season because it is "front-loaded" with the best companies reporting early in the cycle. I believe that the buying momentum will stall this week and if the FOMC does not hint at a September rate cut we will see profit-taking. Mega cap tech stocks …

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