Tuesday, July 26, 2016

Apple Likely To Disappoint - FOMC Could Spook - Aggressively Take Profits On Longs


One Option Trading Blog http://ift.tt/2ahPnpY Posted 9:20 AM ET - The market is not been able to advance during the last week of trading. Earnings season has been decent and mega cap tech stocks will post this week. The FOMC statement is tomorrow and the volume will improve. Apple will announce after the close and I suspect a miss. I don't trade earnings so I won't be playing the move. The renewal cycle for cell phones is lengthening and I'm hearing that iPhone sales in China are soft. Google and Amazon will post on Thursday and those results should be decent. The Fed will not hike …

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