Great Earnings From Tech Giants Will Fuel Optimism - Here’s Why You Need To Be Careful

One Option Trading Blog https://ift.tt/3aN3vlX Posted 9:30 AM ET - Yesterday the market rallied to a new relative high on optimism that tech giants would post excellent earnings. Microsoft, Facebook, Tesla and Twitter delivered yesterday. After the close today, Apple and Amazon will report. These earnings releases will spark optimism and the SPY could challenge major resistance at $300. I believe that this final push higher will be a buying climax. Unfortunately, these tech giants don’t represent the other 90% of the S&P 500. In many cases tech has benefited from the shutdown. During the early part of the earnings cycle, Coronavirus had only impacted a …