Situation: We are halfway through the month, and still inside on the SPY, DIA, and QQQ. We are seeing very few actionable setups to the upside. Earnings season has started again. J. Powell will be talking this week. This is the last time before May 16.
Mission: Create winning positions, add to them, and defend them with tight stops. Follow your plan. Do not jump around, or over trade.
Execution: New Straters, stay on the 30s and 60s. If you have experience, you can take signals on lower time frames, make sure you still follow your rules. Let them open. No weekend vid from Rob this week. We are wanting to see what the institutional buyers do after this big sell off during the short week last week. Tank Division, stay on Macro signals that are in force. MRK, CRWD, SLB, APA, DVN, AEP, AKLS, D, DUK, ED, HP, HRL, NUE, VLO, VRTX, to the upside.
Earnings are as follows:
18 Apr Mon: 19 Apr Tue: 20 Arp Wed: 21 Apr Thr: 22 Apr Fri:
BAC JNJ PG T VZ
SCHW HAL ABT AAL AXP
BK HAS BKR NUE SLB
GNTY SI UNP KMB
SYF LMT AN