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Tuesday, July 31, 2018

Forget The Tech Wreck and Focus On These Sectors - SPY Needs To Hold $280


One Option Trading Blog https://ift.tt/2mXMJtK Posted 9:30 AM ET - The market broke through horizontal resistance last week and it was poised to run on excellent earnings. Mega cap tech stocks were on deck and 70% of the S&P 500 rally this year can be attributed to a handful of these stocks. Unfortunately, NFLX, FB and INTC did not deliver. Although positive, Amazon and Google had muted reactions. After the close today, Apple will report. If Apple retreats after the number it will weigh on the market. Samsung reported soft global demand for cell phones last night so this could be a problem for AAPL as …

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