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Wednesday, July 20, 2016

MSFT Beats On the Top and Bottom - Market Will Grind Higher Through July


One Option Trading Blog http://ift.tt/2aghg2e Posted 9: 30 AM ET - Yesterday the market probed for support and the damage was contained. There is very little profit-taking and the bid is strong. That could have been our "ugly day" and the selling pressure never gained traction. I believe the market will grind higher the rest of the week. Earnings season is just getting started. Microsoft beat on the top and bottom in Q2 and that will set a positive tone for tech stocks. As I mentioned in my comments Tuesday I expected a good number. Intel posts after the close and the numbers should be good …

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