All eyes are on technology this coming week as the leaders of this recent rally are all set to announce quarterly earnings.
With the markets already extended, disappointing earnings could bring an “end to the party” for technology stocks. Vice-versa, a positive reaction to the announcements could send these stocks even higher.
We are patiently waiting for the next pullback in the markets before we get aggressive on new high-probability long positions. The semiconductor sector is our favorite spot in the market right now, and we’ll be continuing to pursue trades for the bullish weekly squeeze. Check out the video above for our attack plan ahead of earnings this week.
Stay Focused!