When four of the largest companies in the world report earnings in the same week, it’s going to cause some volatility. Right now, in the indexes, we are stuck between support and resistance, as the market awaits a catalyst. Earnings, plus the Fed decision Wednesday, should be that catalyst. Let’s look at MSFT, AAPL, AMD, AMZN, BA, V, COST, and more.
Tomorrow Apple will be in the rear-view mirror and all eyes will be on the FOMC as well as any news from the US/China negotiations. The Powell Put is in; where does that leave the best opportunities tomorrow?
We’ve got hurry up and wait for the next 48 hours….
Just say “no” to bottom picking and “yes” to Wave Reversals, and catch a trend switch for a great setup. Here’s how it played out in Crude Oil, XLE, and XOM.
These next 72 hours will determine whether the uptrend in equities continues, the trajectory of gold, bonds, and the dollar and much more. Here’s what I see… also, I’ve included a step-by-step on the Wave Reversal with the all-important DPMR filter.
