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Wednesday, July 29, 2020

FOMC Statement Today - Big Tech Earnings Thursday - Here’s What To Expect


One Option Trading Blog https://ift.tt/335F8j5 Posted 9:30 AM ET - The S&P 500 has not been able to get through horizontal resistance that was set in early June. Earnings season has not provided the lift that many had hoped for and earnings announcements will climax in the next few days. The spread of Coronavirus is impeding the economic recovery and the next round of stimulus is being negotiated. I believe that the market is due for a correction and swing traders should be in cash. Tomorrow after the close, Google, Amazon, Apple and Facebook will post earnings. These four stocks account for a huge percentage of …

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