Predicting The Unpredictable
I think it’s fair to say that I do not know, nor does anyone else, what the S&P is going to do next. I have to admit… my calls have not been good but my trading has been. As I have always said, I am more about reading volume and following premium levels and the tick than I am about following trend lines and technical analysis. As I said on Twitter, I always try my best but sometimes it’s not good enough. I do think the news has been trying to put a positive spin on coronavirus that it’s all going to be over in a few weeks. So far this week it’s been all about the up a day down a day price action. Our lean is to sell the early rallies and buy the pullbacks. Lastly, today is day two of the Fed’s two-day meeting, be on the lookout for headlines related to a shift in gears of the Fed’s short-term treasuries buying that’s slated to continue into the second quarter. The Fed’s balance sheet has grown from $3.8 trillion to $4.2 trillion since October. How much more money can they print?
Earnings
Wednesday, Jan. 29
$ANTM Anthem | BMO
$BA Boeing | BMO
$GE General Electric | BMO
$MA MasterCard | BMO
$MCD McDonald’s | BMO
$NDAQ Nasdaq | BMO
$FB Facebook | AMC
$MSFT Microsoft | AMC
$PYPL PayPal | AMC
$NOW ServiceNow | AMC
$TSLA Tesla | AMC
$URI United Rentals | AMC
Thursday, Jan. 30
$BX Blackstone | BMO
$KO Coca-Cola | BMO
$LLY Eli Lilly | BMO
$HSY Hershey Foods | BMO
$NOC Northrop Grumman | BMO
$RTN Raytheon | BMO
$SHW Sherwin-Williams | BMO
$UPS UPS | BMO
$VZ Verizon | BMO
$XCEL Xcel Energy | BMO
$AMZN Amazon | AMC
$EA Electronic Arts | AMC
$LEVI Levi Strauss | AMC
$V Visa | AMC
$WDC Western Digital | AMC
Friday, Jan. 31
$CAT Caterpillar | BMO
$CVX Chevron | BMO
$XOM Exxon Mobil | BMO
$PSX Phillips 66 | BMO
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