This ticker gapped up 23% after earnings last quarter, and has a pre-earnings 21 day average of 10%. It was down today, but it’s still in a squeeze above support on the daily chart. Danielle likes this ticker for a potential pre-earnings rally.
With the next FOMC rate announcement scheduled for Wednesday, we may not see much movement in the markets going into that date — even though there is a 97% chance of a pause. However, we also have a lot of tech earnings this coming week, many on Wednesday after the bell. Both of those events together could be the catalyst for the next move.
In this video, we discuss the market action over the last week and the outlook for the next several weeks. I expect we will have some wild swings with some of the big tech earnings reporting, as well as next week’s FED meeting. Lastly, with a massive storm on the horizon, we look at the trade of the day idea in Generac, symbol GNRC, the power generator company.
