Team America Blinks; Seasonality In Season
by: Matthew Whiz Buckley
In today’s Monday Market Outlook, Matthew ‘Whiz’ Buckley discusses tensions overseas as the U.S. delays a missile launch to give North Korea time to ‘walk back’ their rhetoric. “Discretion is sometimes the better part of valor,” says Mr. Buckley.
He also discusses earnings season kicking off in earnest today with Alcoa (AA). “Weak earnings will be the straw that breaks this market since threats of nuclear war and a Eurozone implosion have not,” he says.
Additionally, Mr. Buckley discusses last Friday’s job report, labor force participation and the market’s perpetual climb so long as the Fed keeps manipulating it.
Lastly, potential trades being added to the Weekly Options Model Portfolio include (SPX) and Chipotle Mexican Grill (CMG) with their earnings coming out in about two weeks. Check out how to trade Weekly Options with a test-flight by following this link: www.topgunoptions.com/weekly-options.
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