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Thursday, July 30, 2020

The Calm Before the Storm - The Market Will Move Based On Earnings After the Close Today


One Option Trading Blog https://ift.tt/2BJoRFl Posted 9:30 AM ET - The market has been trapped in a very tight range during the last two weeks and we are within striking distance of a major horizontal resistance level that was set in June. Apple, Amazon, Google and Facebook will report after the close today and these tech giants will determine market direction for the next few weeks. Major economic releases will also play a major role next week. I've been pointing out that the rally in the S&P 500 can be attributed to 10 stocks. This is a very narrowly defined market rally and four of these …

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