There are a few key catalysts, setups, and levels that I’m watching this week that could affect the overall market. We have some of the last few big names reporting earnings, and we’ll take a look at some that reported on Wednesday (Shopify, TheTradeDesk, Nvidia, Applied Materials). We had the Fed minutes released today, so we’re anticipating the last big economic event this week — Options Expiration.
We’re watching the futures and trying to get a gauge into where the market will move tomorrow and into the rest of the week.
In this video, we’ll discuss our focused list for the week and where we’ll look to add to our short positions.
Stay Focused!
Thursday is our biggest day this week on the economic calendar front with the core CPI (Consumer Price Index) being released in the morning. This essentially shows if consumers are spending more or less money on goods, directly impacting inflation. Is inflation rising or is it starting to come back down to Earth? We’ll review what this could do the market and cover a few names we’re watching on GOOGL, NVDA, SHOP, and QCOM.
The market just changed. Heading into this week, we had big tech earnings that affected the market: TUES — AMD, GOOGL WED — META (FB), QCOM THURS – AMZN. We’ll also review this week’s economic events with the Nonfarm Payrolls report on Friday morning.
Stay Focused!
Happy Wednesday and happy Fed Day! The last FOMC event on January 5th changed the sentiment of the market to a “short the pops” environment. Today we had our next Fed event and after hearing from Federal Reserve Chairman Jerome Powell, the market rolled over and tanked. We’re in a vulnerable and volatile market, so let’s discuss upcoming opportunities and setups amid the Fed news and earnings.
This morning started with a nasty flush, and ended with an even nastier bounce into the close. Does today’s action “fix” the problems we’ve been seeing in the markets? Not so fast…let’s take a look!
WEDNESDAY WEBINAR REGISTRATION: https://www.simplertrading.com/profitable/
Link to Saturday’s class focused on successful trading in mixed market conditions: https://bit.ly/3FNekDV
Registration for this Saturday’s class: https://bit.ly/3FNekDV
Happy Sunday, traders! It’s a busy week ahead with big earnings + JP & the Fed on Wednesday ???? I’ll be looking to short the the markets on the next bounce, so let’s take a look at all the reasons that lead me to believe we’ll be trending lower ????
Registration for this Saturday’s class: https://bit.ly/3FNekDV
Join Taylor for a bonus live premarket prep and we’ll run the scans together.