The unprecedented political events today could have a material impact on market direction.
Today's political events and earnings disappointments are increasing market uncertainty. The Trump agenda suffered a major blow and that could be market negative. We are already in a seasonally weak period and the recent flurry of earnings disappointments is a problem for stocks. Add in the political circus in Washington and the unprecedented events of this week and investors may decide it is time to take some chips off the table. With the S&P futures down -4 and slowly declining we could be setting up for that seasonal weakness after option expiration. We should never put money in the market unless we have a good idea on direction. There is no current direction despite the slight rebound this week.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays