Tickers discussed: SPY QQQ IWM FB AAPL AMZN GOOGL MSFT NFLX TSLA MOS CI SMH
Daily Profit Compass provides stock market technical analysis for the stock market today and is focused on the indexes and FAAMGs. Key levels and trading locations are provided, along with trading plans and timely commentary to keep you on the right side of the trade.
Mega Earnings week for MegaCap Tech. TSLA / MSFT / FB / AAPL / AMZN all report this week plus notables UPS / GE / MMM / V / BA / SPOT / CAT / MCD / XOM / CVX Plenty to keep us busy this week.
April Earnings Preview
While not comprehensive, the calendar highlights most of the big names scheduled to report this month beginning next week with the money center banks.
The video is a detailed technical review of the indexes and FATMAAN names. All the key trading levels are identified along with commentary and trade plans for each ticker. Run the video at 1.25x to reduce run time.
Find the Video HERE
As we grind through the trading week, day by day, the market is absorbing the various catalysts. Yesterday the market viewed the FOMC statement and presser with a collective yawn as Chair Powell remained on script with no new info and no gaffs. After hours, traders cheered as $FB and $AAPL both had massive earnings beats. FB has gapped up some $20 premarket while AAPL has gapped up about $4 but is still below key resistance. THe last remaining big catalyst is Amazon earnings AH. A lot on the line for Amazon. A weekly close above $3400 opens up a measured move to $3900 or higher.
Watch your GAPS
Tons of gaps out there to watch / trade. MSFT / NFLX / GOOGL / AAPL / FB all have sizable gaps to monitor and possibly trade. Set your alarms and be ready to move when you get the price signal.
$IWM 30 Min
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