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Thursday, August 3, 2017

Earnings Are Excellent and Guidance Is Strong - Doldrums Ahead 


One Option Trading Blog http://ift.tt/2vweW0U Posted 9:30 AM ET - Yesterday tech stocks shot higher after Apple posted better-than-expected earnings. As I mentioned in my pre-open comments that early gap was a great short. Tech stocks reversed sharply and they regained their footing late in the day. This is the third time that we've seen profit taking in tech stocks during the last two weeks and it is a sign that good news is priced in. The jobs report tomorrow is the last significant piece of news for a few weeks. Earnings have been excellent and guidance is at its highest level in six years. Almost …

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