July 25, 2022

Markets:

U.S. stock futures rose on Monday morning, coming off a positive week for the major averages, as traders brace for the busiest week of corporate earnings, as well as insights into further interest rate hikes from the Federal Reserve.

On Friday, the major averages fell on the back of weaker-than-expected earnings from Snap that sent tech shares tumbling. Still, all three benchmarks closed the week higher, with the Dow up 2%. The S&P 500 advanced about 2.6%, and the Nasdaq capped the week up 3.3%.

Investors will face a stacked week of earnings ahead that will include reports from major tech giants Alphabet, Amazon, Apple and Microsoft.

The Federal Reserve on Wednesday will also conclude its two-day policy meeting. Economists are widely expecting a three-quarter point hike.

Portfolio:

We enter the new trading week holding set-ups in S, AEHR, WEBR, and holding itrm. What a week we have in store with the Fed and monster earnings to come this week beginning tonight with Google.  The tone can be set here and we cannot wait to watch price activity and option activity.  We absolutely love this period and what we are seeing.  Be ready folks, let's have another strong week ahead and continue to position ourselves for the months to come as we head into mid-terms and all the opportunity that bring us.  Let's have a great day!