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Wednesday, April 22, 2020

Small Business Stimulus Needed - Market Momentum Is Stalling - My Bias Is Changing


One Option Trading Blog https://ift.tt/3bw4ibR Posted 9:30 AM ET - Yesterday the market saw heavy selling pressure and the gains from the last two weeks have been erased. The upward momentum that we have seen during the last month is stalling and investors are waiting to see if the shutdown will end as scheduled. Businesses need to reopen immediately and the speed of the economic recovery is unknown. Earnings guidance is providing a limited look into the future and many companies are still trying to assess the damage. The S&P 500 will struggle to advance and resistance is building. Netflix and Snapchat posted strong numbers after …

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