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Friday, June 29, 2018

Major Economic Releases and Earnings Season Will Attract Buyers


One Option Trading Blog https://ift.tt/2NaMVSs Posted 9:30 AM ET - This week the market sold off on trade war tensions. The rhetoric is heated between the US and its trading partners. Stocks dropped on the news and the S&P 500 challenged key support at the 100-day moving average. Buyers stepped in and support held. Major economic releases, end of month fund buying and earnings season lie ahead. These "market friendly" events are overpowering trade concerns. I have been mentioning that traders are numb to trade war rhetoric. Tariffs will take time to implement and the impact is unknown. Trump is testing the waters so that he …

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