The VIX has popped to 30, and I don’t think it’ll end there. This week, we have a full slate of companies reporting earnings, and each and every one is a potential catalyst to send the Nasdaq breaking through 13,000. Let’s look at MSFT, GOOGL, NFLX, FB, BA, and more.
We have a big week ahead with both Econ #’s as well as Earnings. There are indeed some warning signs that I will do my best to explain, but for now the word is caution and that is of wide range chop around 4335 ES.
Approximately 1/3 of the S&P set to report this week. Big names in the mix include MSFT, GOOG, FB, AAPL, AMZN, & more. The range is likely to be wide and the result is anyone’s guess, but I’ll do my best to prepare you for the anticipated volatility.
The Dow Jones Industrials tried to break their Voodoo Fireline today but couldn’t hold beneath that level. That could set up more of a bounce in coming days.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
The Fed wants assets lower and the market appears to be listening, at least for the next month. Let’s review the signals.
Pretty straightforward here, the market in a slow freefall. In times like these I want to remain short and be ready to short every rip higher.
I foresee some Monday Weakness in the future, so shorting will be the name of the game. Let’s take a look at the S&P 500 and the Nasdaq to get our game plan ready for next week.
