We have a slew of potentially market-moving events scheduled for this week including a very heavy earnings calendar with Twitter (TWTR) reporting on Tuesday before the market opens (BMO), Boeing (BA), Caterpillar (CAT) and AT&T (T) on Wednesday BMO followed by Facebook (FB), Microsoft (MSFT) and Tesla (TSLA) all reporting after the market close (AMC), and both Amazon (AMZN) & Intel (INTC) on Thursday AMC.
On the economic calendar we have Existing Home Sales today at 10 am ET, New Home Sales tomorrow at 10, EIA Petroleum Status Report Wednesday at 10:30 (with crude already very overbought & up big again today on Iran sanction headlines), Durable Good & Jobless Claims at 8:30 on Thursday and first quarter GDP report at 8:30 on Friday.
I plan to do a video covering the technical posture on some of the potential market-moving stock and any other companies reporting this week that may be setting up for potential trading opportunities. I will be updating the trade ideas this week, moving the complete trades that have either hit their max. suggested stop or their final price target from the Active Trade category to the Completed Trades archives while adding a few new trade setups that I’m eyeing at this time.