I believe this week will define the quarter for the markets this week – maybe even though summer. What is happening this week? Earnings. Almost every beaten down tech stock and biotech is reporting this week. If earnings are strong sentiment may shift and fuel the next move higher in the markets. On the flip side if earnings are flat or worse then this most likely will be the impetus markets need to dive lower.
These are some of the companies reporting this week. NFLX, GILD, ISRG, SWKS, AAPL, BIIB, FB, TQNT, AMZN, BIDU, LVS, SBUX and UA.
In addition to influential earnings the following economic reports will certainly sway institutional investors. This week’s reports include Leading Indicators on Monday, Existing Home Sales on Tuesday, PMI Manufacturing, New Home Sales and Petroleum Status on Wednesday, Durable Goods and Jobless Claims on Thursday and PMI Services and Consumer Sentiment on Friday. Got all of that?!
So after all the confusion I’ve presented above I have a plan that should be of service to you this market week. If you click the link below and watch the video you’ll know exactly how I’m approaching the market this week. You’ll know my levels for the S&P, Nasdaq, Gold, Bonds and Oil. You’ll also see my targets for CLR, SLB, USO, TLT and URI. The video certainly isn’t advice; it’s information – that’s all. Here’s the link – http://noramassetmanagement.com/wp-content/uploads/2014/04/Meet-Now-4-18-14-9.36-PM.mp4
One last note about the video – we’re hosting a trading and investing open house. All of the details are included in the video to participate.
If you missed the radio show this week, I covered the proper time to sell, levels to the upside and downside in the S&P and Nasdaq. I also talked about credit spreads and potential leading stocks. You can download the show for on the go listening…. Here’s he link – http://www.thewallstreetshuffle.com/
If you have any questions or simply want us to help you develop a winning strategy for this market please email me at Tim.Reazor@NorAmAsset.com
I talk stocks and markets everyday on twitter – if you’d like to follow me here my handle @TJReazor
I hope you have a fantastic week!
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