This week is going to be interesting. Notable bank and tech earnings will be released and this will further dictate if the market will advance up further or will take a breather.
For banks, I will be watching C (Citi), BAC (Bank of America), AXP (American Express), MS (Morgan Stanley) – as most of them are trading at an all time high. Will the high get higher or are we getting some minor pullback from here.
NFLX (Netflix) is going to be another most anticipated earnings this week too. This stock has been at an all time high last week and lets see if she will push up further. I’d like to make a downside bet and trade this using a bear put debit spread strategy or a long put with a $600 strike.
Also, I started publishing my trading ideas in TradingView under this username: blue039 where sometimes I share my thoughts about a particular stock. Here are some of my latest trade ideas I published in TradingView:
Watchlist for this week:
TSLA – looking for more possible downside price action. TSLA was down by almost 9% last week after the announcement of the robotaxi and robovan.
MSTR – As Bitcoin regain its upside momentum again, can this go higher after its recent new 52 week high.
ASML – earnings will be released before open on October 15, 2024. Can this stock beat the estimate and reclaim the $900 level back again, or will this fall below the 50 and 200 Moving Average.