I don’t know that this S&P rally is done just yet, but I do want to start buttoning things down. AMZN is a little weak after earnings and I think the stage is set for a decline into next Friday. Let’s talk about a few ways to manage inside that.
Holding positions is fine, but time and events are going to still be a factor… here’s what I have my eye on as we wind down the week.
In this video, we discuss the new, new all time high and what we might expect next.
Watching July 31 is yesterday’s news… it’s all about September, as the market is coming to grips with a 25 basis point cut (not 50) and expectations for another 25 basis point cut is expected for September.
We are in the midst of earnings season, with big names coming up tomorrow, including PYPL. Tonight, CMG and V reported favorably after the bell and I’ll look for that to bleed into tomorrow. The majority of our setups are focused on the Run into Earnings and a few buys we’ve managed to snatch on pullbacks. Let’s look at AMD, BYND, MSFT, TWLO, V, ZS, ZTS, CDNS, ZEN, PYPL, YEXT, DIS, ROKU, SHOP, and more!
