KEY
TAKEAWAYS
- Massive Week in Earnings
- Magnificent 7 – 5 Reporting (MSFT, GOOGL, META, AAPL and AMZN
- Different shares we take a look at: PFE, SBUX, AMD, MA, BA, MET, MRK, XOM and CVX
- Much more protection with viewer image requests
It is a large week for earnings so Carl and Erin break down the technicals on shares getting ready to report. Some are already poised for achievement, however others needs to be averted. Do not miss their views on the Magnificent 7 and plenty of others which might be reporting this week. Click on HERE to subscribe to our YouTube Channel.
Synopsis:
– A number of main tech shares like Google, Microsoft, Amazon, Apple and Meta are reporting earnings this week, so the market might be watching these carefully
– Power shares like ExxonMobil and Chevron look poised to do effectively given rising oil costs, however ought to nonetheless be watched carefully round earnings dates
– AMD is weak to a pullback given its parabolic rise, whereas shares like MasterCard and Starbucks look dangerous going into earnings given bearish technicals
– The Uranium ETF URA has tripled within the final yr and appears to have additional upside potential primarily based on the chart
– Boeing’s points should still be weighing on the inventory regardless of figuring out the particular downside that prompted crashes
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Technical Evaluation is a windsock, not a crystal ball. –Carl Swenlin
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Erin Swenlin is a co-founder of the DecisionPoint.com web site alongside together with her father, Carl Swenlin. She launched the DecisionPoint every day weblog in 2009 alongside Carl and now serves as a consulting technical analyst and weblog contributor at StockCharts.com. Erin is an energetic Member of the CMT Affiliation. She holds a Grasp’s diploma in Info Useful resource Administration from the Air Drive Institute of Expertise in addition to a Bachelor’s diploma in Arithmetic from the College of Southern California.
