One Option Trading Blog https://ift.tt/2Or5wdn Posted 9:40 AM ET - We need to see a breakout to new highs on record earnings last week and we didn’t get it. Facebook muddied the water and the $120 billion dropped was the largest ever. Intel has broader market implications and it plunged Friday. Tech stocks have been leading the charge this year and they plunged last week. The NASDAQ 100 closed below critical support at QQQ $178. The window of opportunity passed and the likelihood of a market breakout has been greatly reduced. Corporate earnings have been excellent with more than 80% of companies beating estimates. Profits are …
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