We have a wild week ahead with many big names set to report earnings. All three indexes are consolidating at an all-time high (ATH), so we need to be patient as we plan our moves. Our focus is on how “big money” reacts to the earning reports. If we have a good reaction, we should see a big move through highs.
Here is our focus list for the week:
SQ – This one is based at the daily mean. We are watching for a 4-hour squeeze to push through 255 and move toward 263/270
AMZN – There are rumors going around that Amazon will split its shares, so we need to keep an eye on how this might affect the stock. We are watching for continued push into earnings through 3,434 up toward 3,500
NVDA – We’re watching the 4-hour squeeze. If it breaks 620, then we’ll be looking for a push toward 630 or higher
ROKU – We’re watching the 4-hour squeeze on this one also to see if it makes a push toward 380 or higher