Trade War Per Share Numbers Set To Rise

Heading into this coming week, earnings season kicks off.  The trade war is still in its early stages.  North Korea talks have gone sour again.  Clearly the headwinds remain for this market... which is a good thing.

Some stocks I like right here.

and let's look at $SPY, $QQQ, $IWM, $DIA.

They had a great momentum trigger heading into the Trade War.

Friday's action was clearly bullish, with an outstanding jobs report helping to push the price action higher.  And Yes $DIA joined its other bother and sisters in getting a nice positive momentum swing.

and finally $XLF.   FInancials are set to report earnings at the end of this week.   $JPM comes Friday morning.  $C, $PNC, $WFC also report Friday morning.  It's going to be an important day for financials and the market.   Trade war per share numbers are most certainly going to rise.

Are we going to see a sharp move higher out of this wedge?  Or will support break?

Momentum is on the cusp of a turn.  A move higher in financials would only add more fuel to the upside move for this market.    My bias remains for upside and I think the next move for financials is higher.

Have a great rest of the weekend



Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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