There are six Dow components reporting earnings on Tuesday and six more later in the week. Dow components CAT, KO, MMM, TRV, UTX and VZ report earnings before the open on Tuesday. This could produce significant volatility in the Dow. Hopefully the good news and bad news will offset each other and we will not suffer another decline.
Alphabet (GOOGL) reported earnings after the bell and rallied sharply at first but gave it all back and closed down -$6. The Nasdaq futures were down -12 early in the session. The market needs to pick a direction soon or current holders will get nervous and begin to bail on their positions.
New positions are only added on Wednesday and Saturday except in special circumstances.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays