Big Earnings

Outlook 04/23: In the week ahead, both the economic and earnings calendar will bring investors an almost overwhelming amount of possible catalysts. On the earnings side, results from Google parent company Alphabet, Facebook, and Amazon will be the main highlights, with results out of Microsoft, which has been a market leader alongside other tech giants in the past 18 months, serving as the most closely-tracked earnings releases.

/ESM8 Value: YVAH 2678 YPOC 2671.50 YVAL 2662

/ES Plan: On Friday market closed bearish (PBT 2645) but overnight inventory is balanced, moving within Yesterday's range, so as usual we've these options:

A) If market remains below YVAH 2678 with bearish internals, become a seller leaning on 2678 towards GAP 2672.25 ONL 2666.50 and YVAL 2662. 'Look above and fail' is a signal of weakness.

B) If market starts to move above YVAH 2678 with bullish internals, be a buyer leaning on 2678 towards ONH 2682.75 LVN 2690 and LVN 2700. 'Look below and fail' is a signal of strength.

Tips: Focus on execution during high volume hours (9:30-11:30am/14:30-4:00pm ET). Avoid Lunch Time pitfalls.

Today's Economic Calendar

09:45 PMI Composite Flash
10:00 Existing Home Sales

Disclaimer: All information on this outlook is for educational purposes only and is not intended to provide financial advice.

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