GOOG, AMZN, FB Earnings this week

More than a third of the S&P 500 companies and 13 Dow stocks reporting this week.

Monday

Earnings: Alphabet, Anadarko Petroleum, Celanese, Halliburton, Illinois Tool Works, Luxottica, Stanley Black and Decker, Ryanair, Arconic, Manpower Group, VF Corp

Tuesday

FOMC meeting begins

Earnings: 3M, Caterpillar, McDonald's, United Technologies, General Motors, Eli Lilly, Biogen, Amgen, AT&T, Chipotle, U.S. Steel, Express Scripts, Kimberly-Clark, Freeport-McMoran, Seagate Technology, JetBlue, TransUnion, T. Rowe Price, Akamai, Texas Instruments

Wednesday

Earnings: Facebook, Boeing, Coca-Cola, Gilead Sciences, PayPal, Samsung, Discover Financial, Northrop Grumman, Nasdaq OMX, Hershey, Corning, DR Horton, Daimler, Ford, LVMH, Anthem, General Dynamics, Norfolk Southern, State Street, Six Flags, F5Networks, Vertex Pharma, Whole Foods

Fed Meeting

Thursday

Earnings: Amazon, Intel, Starbucks, MasterCard, Bristol-Myers Squibb, Celgene, Fiat Chrysler, Verizon, Comcast, Twitter, Altria, A-B InBev, AstraZeneca, Royal Dutch Shell, UPS, Total, Raytheon, Dr. Pepper Snapple, Southwest Air, Dunkin Brands, Deutsche Bank, Diageo, Nokia, Mattel, Boston Beer, Expedia, Brunswick, Baidu

Friday

Earnings: Exxon Mobil, Chevron, Merck, American Airlines, AbbVie, Barclays, UBS, Baker Hughes, BT Group, Cabot Oil and Gas, BNP Paribas, TransCanada, Credit Suisse, Weyerhaeuser, Nomura, CMS Energy

Economic Reports for July 20th - Employment data

Tomorrow's employment data could move the markets. Something to be aware of.

NDX ATH's again ??

The up-move that started in NDX on 7/7 has been strong, taking us back to the ATH's today. Although the uptrend is very strong the market could very well go sideways from here for a few weeks before determining the next direction.

The 30min time frame the index has moved up considerably since its breakout on 7/7.

The daily time-frame shows the index's almost parabolic move and seems a bit over stretched above the 50 DMA.

NDX 30m vs Daily chart

30 Min: chart shows a range bound movement between 5670 and 5570. Today we closed at the top of that range. Monday will be interesting to see weather we breakout of that range or move down to the bottom of the range.

Daily: Today's big green bar above the 50 DMA is bullish and could be signaling a reversal of the down trend in NDX.

NDX another leg high or lower??

30 Min Chart shows could be another leg Lower:

Daily Chart shows could be another leg higher:

NDX

June 14, 2017

NDX down $143 BTFD?

NDX fell $143, almost a replay of 3/21 which put us in a box for a month until 4/21. The market gaped up out of that box on 4/22. What happened today could do the same? We trade in a box for a month and breakout after a month or stay in it for the rest of the summer? Is it time to buy the dip? I would not be surprised to see that happen tomorrow as we have seen it happen so often. I was thinking of the consequences of the dip buyers today if you thought it was just another day where the market reverses mid day and closes near the highs of the day. It was definitely a trending day with one straight line downwards VIX was up +4.9 USD was down -5.8 the markets reaction is unknown to me either political of banks related? who knows. I believe it was just another correction that happens after a steep market moves.