Hello Everyone,
The market is in chop mode and I see an obvious coil-like pattern developing on the SPX 10 and 15 min time frame. The defensive sectors such as consumer staples and utilities continue to have a bid. It's all about the companies reaction to earnings this week! Utilities are strong, energy had a good day and I added various long ideas to monitor for this sector.
Earnings Season begins in earnest this week, MSFT and GOOG report on Tuesday after the close, META on Wed after the close, AMZN on Thur, and many many others.
Stock Earnings Calendar: http://hosting.briefing.com/cschwab/Calendars/EarningsCalendar5Weeks.htm
Also various economic news from Consumer Confidence, Housing Index, GDP, PCE, Chicago PMI
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STS KISS Tables for Indexes, ETF's, Stocks
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Have a great night!
Matt
