Market Support Will Form Ahead of Earnings Season - Use This As A Stop

One Option Trading Blog https://ift.tt/2J3MuXZ Posted 9:50 AM ET - The market is trying to find support at the 200-day MA and I expect to see a bounce heading into earnings season. There is nothing like profits to attract buyers and the results should be excellent. Stocks are trading at a forward P/E of 16.5. That is near the upper end of the range, but not in bubble territory. Trump is negotiating trade deals behind closed doors and that is a positive sign. South Korea already came to the table and they made concessions. The Fed plans to hike two more times this year and that …