Wednesday, May 1, 2019

Market Bid Is Strong - ADP Reports Big Job Growth


One Option Trading Blog http://bit.ly/2vxNfmy Posted 9:30 AM ET - The market is in a very tight upward sloping channel. Earnings season is at its peak and the results have generally been good. Apple posted better-than-expected results and it was the last of the mega cap tech stocks to report. The market will need leadership from other sectors to move higher. Global economic growth numbers were mixed. China missed expectations by a small margin and their PMI stayed above 50. Europe’s Q1 GDP came in slightly better-than-feared and growth rose .4% versus .2% expected. Those results are still dismal. Tomorrow Europe will post its manufacturing PMI. …

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