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Tuesday, April 19, 2016

IBM Declines After A Beat - This Could Be A Warning Sign - Watch For Exhaustion


One Option Trading Blog http://ift.tt/1reG0vV Posted 8:40 AM ET - Yesterday the market ignored the decline in oil. The S&P erased early losses and it shot higher. Stocks added to their gains from last week and we are seeing follow-through this morning. The S&P 500 is up eight points before the open and we are one good day away from the all-time high. Many Asset Managers are in "risk off" mode and they have been reluctant to embrace this rally. Those who are under allocated are playing catch-up and they don't want to be short as earnings season begins. This has strengthened the bid. The first …

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