Huge week out of the market as the S&P closed at new highs on the back of strong earnings out of some big names like Google with a 10% move Friday. Q2 Earnings, which were "supposed to be horrendous," are off to a very strong start, and the action has been very good. Now it's all about stalking the best earnings names for proper setups and entries.
We have the biggest Fed meeting in quite some time Wednesday, with markets expecting them to cut interest rates at least 0.25 points and 0.50 points on the upside. Trade talks with US and China delegations are set to resume Tuesday, so expect some headlines there.
Huge week of earnings ahead as you can see in the graphic below. Especially looking forward to AAPL, QLYS, ETSY, W, YETI, TNDM, SQ, SPOT and PINS this week, among many more.
DOCU threw me for a loop last week when it shook me out Thursday and subsequently ripping higher Friday, making me regret my sell. This name has been working on this descending channel for quite some time and finally looks ready through 55 resistance. If this one is right, the break should be big over the coming days/weeks. Earnings not until September 5th in this one.