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Tuesday, February 2, 2016

Earnings Sweet Spot Not Attracting Buyers - Market Needs To Rebound Today


One Option Trading Blog http://ift.tt/1SBXw6F Posted 10:00 AM ET - Yesterday the market probed for support and it was able to rebound. Stocks finished on the high of the day and the table was set for a follow-through rally when Google posted excellent earnings after the close. This is the "earnings sweet spot" and the market needs to rally if it is going to reach SPY $200. Unfortunately, the S&P 500 is down 20 points this morning. This is not the price action we wanted to see. Weak earnings in Europe and dismal results in the energy sector are weighing on the market. The SPY is …

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