One Option Trading Blog https://ift.tt/2HeNY0i Posted 9:30 AM ET - Yesterday the market was able to tread water and this is the second day the S&P 500 has closed above the 100-day moving average. This is a bullish sign, but the price action still feels very tenuous. Use the 100-day moving average as your guide. Stocks will probe for support early today. Taiwan Semiconductor (TSM) warned and soft smartphone orders were to blame. That is putting pressure on Apple and other tech stocks. This is the problem du jour. This earnings bounce will last a couple of weeks, but the headwinds will be strong. The market …
No comments:
Post a Comment