April 23, 2024

Markets:

U.S. stock futures edged higher on Tuesday as the corporate earnings season picked up steam, and investors looked to build on the strong gains from the previous session.

Those moves come after an upbeat session on Wall Street. Investors bought the dip in tech stocks after a recent sell-off in key names such as Nvidia, which had been dinged recently amid fears of higher inflation and the prospect of elevated interest rates.

Tesla is slated to report earnings after the bell, followed by Meta Platforms on Wednesday afternoon. Google-parent company Alphabet and Microsoft
round out the technology-heavy earnings week on Thursday.

We also have VISA, Texas Instruments, Seagate, and Enphase as a few major earning reports coming after the bell today.

Portfolio:

Great to see market reacting positive to a few key trend lines. This continues to build the notion of a pullback within a bull cycle and now we proceed. Still early to firmly believe that, but watching this closely as it builds. Could be a force in price action should it build but its all dependent one earnings this week.

We enter todays session holding set-ups in NYCB, SOXL, PATH, S, and IOT. Queue is igniting but trying to be as patient as possible especially at the open. It's all about TSLA tonight. Would not be surprised at all to see this name run higher after earnings. It's down over 20% in a matter of two weeks. Always like to see this type of action heading into earnings. Let's see what happens.