Friday was a strange market day. AMZN and MSFT post blowout upside earnings, and the stock market initially opens a bit higher. Stock market turns tail and ends up with the Dow down over 100 points, yet AMZN powers higher to close near the highs for the day. Some might say this is short covering.
The US dollar has been the lead dog in this market and a dollar rally is cited as causing some of the movements in other markets (stocks, bonds, commodities).
There are lots of stocks moving on earnings. Unfortunately, on many of them the options are not worth much, or the spreads are too wide.
Long AAPL, GLD (2)
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