November 4, 2019

Looking Forward to the Week Ahead!

NEW HIGHS!  NOW WHAT?
 
After the Fed cut rates again last week, they indicated that further policy easing may not be necessary. Many Fed Reserve officials, including NY Fed President John Williams, Philadelphia Fed Chief Patrick Harker, Chicago Fed Chief Charles Evans and Dallas’s Robert Kaplan will be speaking this week and discuss their insight on monetary policy.  The European Central Bank’s new President Christine Lagarde will speak tomorrow and the ECB will announce its Monetary Policy report on Thursday.  It will be interesting to hear her take on the December 12th election and a new January 31st Brexit deadline.
 
President Trump said on Friday that negotiations about a “phase one” agreement with China were going well and that he could potentially sign a long-awaited agreement in Iowa.  The agreement was expected to be signed in Santiago, Chile on November 17th but Chile withdrew as host of the meeting. 
 
Despite earnings beats from AAPL and FB, S&P 500 earnings for the 3rd quarter could bring the first quarterly year-over-year earnings decline since 2016.  Earnings are now expected to have declined .8% which is better than earlier forecasts of a 2.2% decline.  This week continues to be a busy earnings week:
 
Monday:
$UAA – Under Armour, Inc.
$S – Sprint Corp.
$GRPN – Groupon, Inc
$SHAK – Shake Shack, Inc.
$THC – Tenet Healthcare
$MOS – Mosaic Co.
$MAR – Marriott International
 
Tuesday:
$TPR – Tapestry, Inc.
$NEM – Newmont Mining
$MYL – Mylan N.V.
$CZR – Caesars Entertainment
 
Wednesday:
$CVS – CVS Healthcorp
$DISH – Dish Network
$HUM – Humana, Inc.
$ROKU – Roku, Inc.
$EXPE – Expedia, Inc.
$SQ – Square, Inc.
$BIDU – Baidu, Inc.
$QCOM – Qualcomm, Inc.
$WYNN – Wynn Resorts
 
Thursday:
$RL – Ralph Lauren Co.
$ZTS – Zoetis, Inc.
$YELP – Yelp, Inc.
$Z – Zillow Group
$TTD – The Trade Desk
$TTWO – Take-Two, International
$BKNG – Booking Holdings
$DBX – Dropbox, Inc.
$ATVI – Activision Blizzard
$MNST – Monster Beverage

Grab a free day pass to one of our live signal trading rooms today>>http://bit.ly/nl-freepass

Follow me on Twitter @CboeSIB

Enjoy your week.  Hope you all made good use of the extra hour over the weekend!
  
Scott, Charlie, Mike and the rest of your Prosper Team

about the author:

Scott Bauer

A respected market commentator seen on Bloomberg, Fox Business, CNBC and other major financial networks, Scott Bauer has 25 plus years of professional equity and index options experience at the Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME) and as a Vice-President/trader for Goldman Sachs. Scott graduated with Honors from the University of Illinois Business School and has taught classes both at his alma mater and at the CBOE.

Read Similar Articles

September 30, 2020

Bad News For NKLA Can Be Good News For NIO

  We had a great example of a swing buy entry in NIO, Inc., the electric car company (Ticker: NIO). It’s based on a break out pattern on an hourly chart and confirmed with a daily chart.   Click the video below to learn more details: Grab a free day pass to one of our live […]

Read Article
September 29, 2020

The Similarities and Differences Between VIX and VXX

The VIX and VXX are both very popular trading vehicles for trading volatility.  But, unlike the perceptions of many traders, they are not exactly interchangeable.  There are many similarities and more importantly, some very important differences. Click the video below to learn more details: Grab a free day pass to one of our live signal […]

Read Article
August 4, 2020

TSLA Inside Bar Entry

An inside bar is just what the name implied.  It is a bar that is “inside” of another bar.  We use a daily chart for this approach.  So the high from two days ago is higher than the high from one day ago and the low of two days ago is lower than the low […]

Read Article

Read Similar Articles

September 30, 2020

Bad News For NKLA Can Be Good News For NIO

  We had a great example of a swing buy entry in NIO, Inc., the electric car company (Ticker: NIO). It’s based on a break out pattern on an hourly chart and confirmed with a daily chart.   Click the video below to learn more details: Grab a free day pass to one of our live […]

Read Article
September 29, 2020

The Similarities and Differences Between VIX and VXX

The VIX and VXX are both very popular trading vehicles for trading volatility.  But, unlike the perceptions of many traders, they are not exactly interchangeable.  There are many similarities and more importantly, some very important differences. Click the video below to learn more details: Grab a free day pass to one of our live signal […]

Read Article
August 4, 2020

TSLA Inside Bar Entry

An inside bar is just what the name implied.  It is a bar that is “inside” of another bar.  We use a daily chart for this approach.  So the high from two days ago is higher than the high from one day ago and the low of two days ago is lower than the low […]

Read Article