Markets Await The First Batch Of Bank Earnings
Big bank earnings tomorrow should set a tone for equity direction next week.
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Big bank earnings tomorrow should set a tone for equity direction next week.
In this video, we discuss today’s continued move higher as we once again get closer and closer to our all-time high. The bigger question is once we reach the all-time high, do we keep going or is that the pullback point? We should get more clues tomorrow from the CPI numbers and then on Friday from the PPI numbers. Lastly, we are about to enter Earnings season, so how will this affect things? Either way, it will be an exciting time to trade.
Tomorrow key inflation data and major earnings reports will be released, which are both expected to move markets. But as for today, the market stayed neutral as it waits for tomorrow’s signal.
Let’s look at how to trade SPX by understanding the S&P in a more complete way and also the “unusual” places the trends are emerging as the new year is underway.
With the DJT, the /ZB, and the /RTY failing to reclaim the 20 SMA, I am watching to see if the ES, and NQ follow them to the downside.
Today, I’m adding some pre-earnings longs in AMZN in my small account. In this video, I’ll walk through the setup, along with how I’m setting up my butterfly.
The Bulls tore through the market today like their annual run through the streets of Pamplona. Bears were indeed on the defensive. Let’s have a look in tonight’s post market review.