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Monday, July 31, 2017

Market Rally Will End This Week - Downside Risk Will Grow In August


One Option Trading Blog http://ift.tt/2uNjCOE Posted 9:20 AM ET - Last week the market made a new all-time high as mega cap tech stocks reported. We saw a reversal off of the high Thursday morning and bullish speculators were kept in check. Apple will report this week and we will get a heavy dose of economic releases. Earnings season has climaxed, but this will still be a busy week. In general, top and bottom line growth has been excellent. Companies are lean and mean and profit margins are healthy. After this week the earnings excitement will wane. The FOMC statement last week was fairly hawkish. For …

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