Hello friend,
I hope you had a fantastic extended holiday weekend.
This could be a defining short week for the markets in the near term. Why do I say that? Well, technically we are at some major resistance for several indexes on the daily. We have a big week of earnings geared towards consumer discretionary and retail names which will likely set the tone for those sectors. The technicals on several other key sectors are my main focus for this week.
We may just have a constructive week of lite volume consolidation but if we have any high volume drops in the three key indexes/ sectors I am most concerned about, we could be in for a painful time ahead for the bulls in the near term.
I will be going over what I am seeing in the pro member weekly video later today. No matter what the markets do there will always be stocks to trade.
Regardless of your time frame or style of trader/investor you may be. If you are having a difficult time with trading and investing or you are tired of trying to follow others into their trades & experiencing poor results. Join the pack @ Alpha Wolf Trading and learn to find, define and execute your own trading and investing plans.
Learn to build your own trade plans and identify your own trading and investing opportunities that fit your style and risk profile. Chat room access, 10 hours of educational videos, Daily Pre market Prep videos with stocks to watch, Daily market wrap videos with sectors and stocks to watch, trade plans BEFORE I take a swing trade or long term hold with my ideal entry, targets and stops.
Sign Up here https://t.co/4LA1qB2Fo6
** Highly anticipated Earnings on deck this week **
Source Earnings Whisper
Economic calendar for the week ahead
Source Bloomberg
*Four stocks to watch from this weeks Pro member video *
*Potential bottom bounce continuation day trade or short term swing make earnings likely coming up in next few weeks flirting with an 8 roll *
*nice low volume pullback on the daily to 50 day potential support small float potential day trade or higher risk swing looking for short term trend line break with volume *
*Flirting with the 200 day and the 14 dolla holla could be a day trade with volume or swing on a pull to 13.50 potential support earnings already behind them
*
*Earnings Feb 22 could be a catalyst especially if the markets weaken and the dollar weakens testing all time lows plenty of cash flow pays a dividend could be a s2wing or long term hold play 306 million shares in the float *
