Apple, Palantir, Square, Coinbase, Shopify, Moderna, DraftKings, Eli Lilly and more… oh my!
We have a BIG day of earnings ahead, which is in part why I’ve scaled back on trading because you don’t want to get caught in wild swings.
Some of the companies above are reporting this morning, and some after the close, including Apple, which we want to watch very closely. As Apple goes, so goes the market.
It closed near a swing high on Wednesday and it’s just under its 50-day moving average. If it pops higher, the market will likely take a ride with it.
Amazon, Netflix and Nvidia also look like they want to swing higher. So we have a lot of tech stocks that look ready to rise — as do the S&P 500 (SPY) and Nasdaq 100 (QQQ).
This tells me we could see very strong buying pressure today…
I’ll cover all that and more in this morning’s “Premarket Must Watch”!
In today’s all new video briefing, I’ll go over why I think tech may rally sooner than later… which stocks we need to pay REALLY close attention to today… if the Fed is finished raising rates… which sectors are making their move today… if volatility is increasing or declining… an update on the global economy and what to expect… the critical levels for bulls and bears… and FREE options on top ETFs!
P.S. You HAVE to See This!
I was thrilled to announce the launch of my ProTrader Dashboard this week, and I’m over the moon about its reception.
Since the summer, I’ve been leveraging this tool, and the results have been phenomenal.
This is no run-of-the-mill indicator or scanner. Sure, it might seem like there’s a lot to take in at first glance, but trust me, it’s incredibly straightforward and easy to use.
First, I start the trading day at 10 a.m. after giving the market a 30-minute head start on the open.
This allows the dashboard to gauge a stock’s average true range. Then, simply run a scan for the top stocks of the day. Keep an eye out for those green and red arrows — they’re your go-to signals for when to jump in and out of trades!
And here’s the kicker: It even pinpoints first and second profit targets. Say goodbye to the days of trading in the dark…