Stock market is expected to open higher based on the chart. The current level of S&P500 and Dow Jones looks unsustainable with many company cutting or lowering guidance. But at the same time, its strange that inspite of weak guidance and sell off from MSFT, INTC, hasn't caused any sell off in Index. AAPL is already down more then 30% yet index is somehow at all time high. AAPL earning is July 23rd, so thats something to watch alng with SWKS, CRUS, FIO, QCOM
Key s to follow the direction of the market. Avoid volatility stock like UVXY, VXX, TVIX or play them only for quick scalp trade.
I'll be watching BOH, HAL, HAS, SIX, NFLX, AAPL, SWKS
Earning Play Before Market open: Earnings before market open: BOH, BMRC, BCC, GCI, HAL, HAS, KMB, LII, MCD, SIX, XRS
Earning Play After Close: BXS, BBCN, CNI, CR, HSTM, NFLX, PRK, STM, RCII, PLXT, ZION, WIBC, WERN
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 3:30 | EUR | EU FinMins hold meeting in Brussels | low | |||||||
| 10:00 | USD | Existing home sales | med | 5.27 | 5.18 | |||||
