Earnings releases due out before market open on Monday morning: ($MCD $HAL $BOH $PETS $BMRC $CBU) Below are the tickers coming out with earnings before the open on Monday morning with the time of release & estimates- Monday 1.23.17 Before Market Open Earnings Releases: Spoiler: CLICK HERE FOR THE CHARTS!
Unless we have a massive selloff into the close, we will have another day of less than 1% down move for the SPX. Pretty amazing, we didn't even have that streak when the FED was doing QE aggressively
All in all not a bad day for me. Got killed in SKWS. However, got almost 100% on my other two earnings trades. Had a nice little profit from selling /es near the top and buying back near the bottom. Made some money from the pound. Most everything else was either a little up or a little down. Looking forward to next week. Have MCD and HAL earnings plays for Monday morning.
Whelp -- America survived -- so did the Markets. Pretty boring day, actually. Got the UP call, Phew! Glad @Cy McCaffrey Debbie Downer post about the market never winning on Inauguration Day didn't dissuade me So how did the RUT behave today? Predictably indecisive and boring, essentially... Intrday we saw a re-balancing following the Dump Trump action as soon as the President took the podium. But at the day's end, we are still within neutral territory, IMHO. The 2-Hour chart as the RUT within an ever-so-slight falling wedge pattern, while on the Daily chart today's HOD kissed the Chop Zone's floor -- we definitely are NOT back inside the zone -- so one could argue that floor is now a ceiling & will act as resistance, a possible sign the Bear's claws are digging in (finally). Until we see a confirmed break below the 50 DMA @ 1343, I wouldn't be so sure though. I think I'm echoing what everyone has already said, or thought...I'm glad the Inauguration is over, America survived, and just want to move on... Hope everyone had a great week -- and has a great weekend!
I had a good trading week. Especially with earnings. So, if I can just kick this cold I've picked up, my weekend should be great!