More Earnings

Outlook 04/30: After a busy week that saw Amazon, Facebook and Alphabet all report earnings, the week ahead will continue the abundance of headline earnings reports and economic data. This week of earnings will be punctuated by results from Apple after close on Tuesday. Other notable companies reporting earnings this week include Tesla, McDonald's, Merck, Pfizer, Mastercard and Spotify.

/ESM8 Value: YVAH 2673 YPOC 2669 YVAL 2666

/ES Plan: On Friday market closed bullish and overnight profile is balanced, moving above Yesterday's value, so we've these options:

A) If market remains above YVAH 2673 with bullish internals, be a buyer leaning on 2673-2675 towards ONH 2682 HVEs 2690 and 2700. 'Look below and fail' is a signal of strength.

B) If market starts to move below YVAH 2673 with bearish internals, become a seller leaning on 2673-2670 towards YVAL 2666 and LVN 2651. 'Look above and fail' is a signal of weakness.

Today's Economic Calendar

09:45 Chicago PMI
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey

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

Questions? Just ask via email or twitter @verniman direct message.