NewsWare’s Trade Talk: Friday, July 21

S&P Futures are trading higher this morning as tech stocks are displaying positive gains. News week we have the FOMC announcement and earnings announcement for the big tech stocks plus the NASD100 rebalancing. The NASD rebalancing take effect today after the close. Another important item happening next week is China's Politburo meeting where new stimulus measures are expected to be announced. In Europe, the major indexes are mostly higher and oil prices are positive by about 1%.