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Daily Option Trading Commentary

Market Rally Will Stall Soon - Raise Stops and Take Profits

July 20
Posted 9:25 AM ET - Yesterday the market gapped up on the open and it continued to march higher right into the close. The QQQ also made a new all-time closing high. Mega cap tech stocks have been strong and they will start posting earnings. This push higher should last the rest of the week, but investors will get nervous into the FOMC meeting next Wednesday. Earnings announcements will start cranking up and Microsoft reports after the close today. Google will post results Monday after the close and Facebook reports on Wednesday. The Fed wants to hike rates and they…
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