Wild Weekly Wrap-Up: 3 Options Plays for a Cautious Market
Phil Davis submits:
What a wild last 30 day’s we’ve had! (Click to enlarge)
I’m going to do a little bit of charting today so we don’t miss out on the next potential Meatball Market (where bad news "just doesn’t matter") as we get past earnings season without any serious dings. Of course, like Icarus, they higher we go, the further we have to fall, especially when we’re getting there on wax wings. But part of our fundamental outlook is looking at market sentiment along with the motives, means and opportunity of the manipulators.