January 24, 2023

Markets:

Stock futures dipped Tuesday as investors struggled to continue a strong start to the week during a busy stretch of corporate earnings.

The gains have come despite an underwhelming start to earnings season and more signs that the U.S. economy is slowing, with some expected the rally to level off.

Companies that are presenting their results on Tuesday include Microsoft, Johnson & Johnson, Verizon, Lockheed and Texas Instruments.

European markets were mixed on Tuesday with investors digesting the latest flash purchasing managers’ index data from the euro zone in January. The S&P Global euro zone composite PMI came in at 50.2 in January, up from 49.3 in December and ahead of a consensus forecast of 49.8.

Portfolio:

We enter the new trading session holding positions in AI & FIGS. Monster day yestreday booking a number of profits to start the week.  monsterTrades has crushed the start to 2023.  We are positioned well to navigate any short term movement technically. We will continue to remind everyone, technically, this market is teetering (as difficult as it may seem) on a breakout. The Fed next week will either flame this or ignite it further. This week we will continue to receive monster earning reports, starting tonight with MSFT. We look forward to the report for clues into the tech, software, spending from businesses – especially with the cloud. Be ready today and let's continue to pinpoint opportunity.