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Tuesday, April 24, 2018

Market Has No FANGs - Earnings Have Not Sparked Buying - Red Flag


One Option Trading Blog https://ift.tt/2HOI3Tf Posted 9:30 AM ET - Yesterday the NASDAQ 100 closed below major support. Mega cap tech stocks typically fuel the earnings rally and this catalyst is missing in action. Google posted decent results, but the stock is flat after the number. Earnings announcements will be heavy the rest of the week we will hear from one third of the S&P 500 companies. Nothing calms nerves like profits. We should be seeing a nice grind higher, but the market has been soft. This is a warning sign. Good news is priced in and valuations are little stretched. Facebook will post solid numbers, …

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