Earnings season is giving a nice lift to the markets.
The major indexes closed higher for the third straight week this past Friday…
The S&P 500 is churning ahead, breaking the gap-down-Monday trend we’ve seen since mid-September.
The Nasdaq is also running hot as traders get ready for the rest of the FAANG companies to release earnings.
While momentum has been good, we started to see cracks brought on from supply chain issues with the massive miss on Snap Inc.
That means traders will need to watch Facebook carefully when it reports after Monday’s close.
Any kind of negative update on guidance could send markets lower.
But tech is only one of several industries reporting in a week with a packed slate of earnings...
Between now and Oct. 29, semiconductors, food and beverage, energy and biotech all have big reports that can shake things up... And I have my eyes on two tickers reporting Tuesday that could be the top stocks to watch this holiday season.
Don’t Let Wall Street Trick You Into Running Away From Winning Trades October 22, 2021
So far, this earnings season and the options manipulation we’ve seen is exactly why traders need to know about a volatility crush. Just take a look at Netflix...
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