Trader's Daily Notebook: I Expect Rallies to Be Sold

Last week's political turmoil resulted in the President disbanding two advisory councils, the departure of Steve Bannon, and rumors that Gary Cohn might be headed for the exit. And if that wasn't enough, we also had the horrible terrorist attacks in Spain. If there was any silver lining at all, it was that the heated rhetoric between the President and North Korean leader Kim Jong-un seemed to cool.

While it's impossible to know how events will unfold between the U.S. and North Korea, we know Monday's solar eclipse is going to capture much of the nation's attentions. The bottom line is if you run a business and you're expecting folks to be particularly productive on Monday, you're likely to be disappointed. Barring a hard break of Friday's intraday lows, look for trading volumes and volatility to be relatively low....444 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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