Market Focus Will Shift To Econ and Profits In A Week - I’m Ready To Buy

One Option Trading Blog https://ift.tt/2tCdk3t Posted 9:30 AM ET - Yesterday the market tanked as the threat of a trade war increased. Relationships between the US and its trading partners have deteriorated. Retaliatory tariffs are being imposed and investors reduced risk. The S&P 500 tested the 100-day moving average. We can expect choppy price action for the next two weeks. A busy economic news cycle (official PMI's, ISM manufacturing, ADP, ISM services, FOMC minutes and the Unemployment Report) starts next week and it will take the focus off of tariffs. Economic growth has been strong. Earnings season starts in two weeks and it typically attracts buyers. …