October 25, 2022

Markets:

Stock futures fell Tuesday as investors looked ahead to big technology earnings for further clues into the health of the U.S. economy.

Shares of Amazon slipped slightly in premarket trading on reports of a hiring freeze, while Discover Financial shed more than 1% on disappointing earnings results.

Tuesday’s moves came after another strong day for stocks.

Investors this week remain laser-focused on earnings from the biggest technology companies, with reports from Alphabet and Microsoft due Tuesday. Meta Platforms reports Wednesday, followed by Amazon and Apple on Thursday. Given their sheer size and market capitalization, any moves are likely to drive the market going forward.

On the economic data front, S&P/Case-Shiller August home prices, FHFA August home prices and October consumer confidence are slated for release Tuesday.

Portfolio:

We enter the new trading session holding positions in FAZ, TBT, SNAP, ALLY, and PARA.  Queue is lighting up and we have so many opportunities possibly triggering over the next few sessions.  We do want to remain a bit patient here as we begin to receive monster big tech earning reports over the next few days.  A real market mover and we cannot wait for the opportunities that will ignite from it!  

Be ready today and let's have a great session.