This is a big week for earnings so Carl and Erin break down the technicals on stocks preparing to report. Some are already poised for success, but others should be avoided. Don’t miss their views on the Magnificent 7 and many others that are reporting this week. Click HERE to subscribe to our YouTube Channel.
Synopsis:
– Several major tech stocks like Google, Microsoft, Amazon, Apple and Meta are reporting earnings this week, so the market will be watching those closely
– Energy stocks like ExxonMobil and Chevron look poised to do well given rising oil prices, but should still be watched closely around earnings dates
– AMD is vulnerable to a pullback given its parabolic rise, while stocks like MasterCard and Starbucks look risky going into earnings given bearish technicals
– The Uranium ETF URA has tripled in the last year and looks to have further upside potential based on the chart
– Boeing’s issues may still be weighing on the stock despite identifying the specific problem that caused crashes
Watch the latest episode of DecisionPoint on DP’s YouTube channel here!
Try us out for two weeks with a trial subscription!
Use coupon code: DPTRIAL2 at checkout!
Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin
(c) Copyright 2024 DecisionPoint.com
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.
Helpful DecisionPoint Links:
DecisionPoint Alert Chart List
DecisionPoint Golden Cross/Silver Cross Index Chart List
DecisionPoint Sector Chart List
Price Momentum Oscillator (PMO)
Swenlin Trading Oscillators (STO-B and STO-V)