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USA Stocks Market Outlook

trading date: April 28, 2017 –

Earnings after yesterday’s close was critical. Google, Amazon, Intel and Microsoft posted results after the closing bell. These mega cap tech stocks are heavily weighted in major indices and they are a barometer for the tech sector. All of them are at the high-end of the range and good news is priced in.

It’s unusual for the market to gap higher and to take out the all-time high without “backfilling” those gaps.

Resistance will lie at yesterday’s high at $238.95, followed by $239.53 and then $240.32.

Support will lie at yesterday’s low at $237.98, followed by $237.29.

 SPY daily chart on 1Option Platform

F-lab on StockTwits

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