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Tuesday, June 27, 2017

Tech Selling Should End Today - Q2 Window Dressing In Play


One Option Trading Blog http://ift.tt/2sdodd9 Posted 9:20 AM ET - Yesterday the market opened higher on the back of tech stocks. Minutes after the bell we saw a sharp reversal in the QQQ and it closed on the low of the day. Tech stocks are in for another nasty round of selling, but it should end today. Asset Managers are "window dressing". This is the end of Q2 and they are selling the leaders and buying the laggards. Settlement is T+3 and Friday is the last day of the month. Consequently, I believe tech stocks will find support after today. Oil is up slightly and banks …

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