We’re in the swing of earnings season and while the overall market is looking positive, there have been stocks gapping up and down.
The Trump budget has had a mixed impact, but there’s no doubt if he gets corporation tax down to 15% it will be a boon to the stock market.
Looking at the OVI I’m minded to be cautiously optimistic at this point, but I also do believe we’ll have to keep our wits about us.
In practical terms this means only trading if the stock actually breaks of its current consolidation pattern.
If you’re not sure what that means, don’t worry, all will be revealed over the next few weeks!
