One Option Trading Blog http://bit.ly/2DMzlSs Posted 9:30 AM ET - The S&P 500 is only 30 points from the 100-day moving average. I believe that resistance level will be tested in the next week and the market rally will stall. Earnings have been good and the FOMC statement was dovish. I am watching for signs of exhaustion and I still believe the next strong move is down. Apple rallied after posting results Tuesday evening and Facebook is up 12% after posting results yesterday. BA, AMD and WYNN are other notable winners. Microsoft is down 2.4% after reporting earnings. In general, the results have been good, but …
No comments:
Post a Comment