One Option Trading Blog https://ift.tt/2HSzsP9 Posted 9:30 AM ET - The market tested the 200-day moving average this week and it instantly bounced. That reversal sparked additional buying and strong earnings reports from mega cap tech stocks added fuel to the fire. Amazon, Intel, Microsoft and Bidu are all up this morning after posting big numbers. The NASDAQ 100 is well above its 100-day moving average. As good as this bounce feels, the price action has been tenuous. Earnings season is in full bloom. Tech stocks have beaten expectations and rich valuations have not deterred buyers. Industrials have been struggling due to higher input costs. Earnings …
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