Weekly Market Outlook - All eyes on Netflix
Wow, 2 posts from Ivan in 1 day?!?!?!
Happy monday everyone and I hope you have a well rested weekend. This week opens up with many earnings, with the below screenshot taken from Earnings Whispers, showing the most anticipated ones
My thoughts are, many banks will be releasing their earnings report this week, such as $Goldman Sachs (GS.US)$ , $Citigroup (C.US)$ , $MORGAN STANLEY (MSTLW.US)$ ,and the banking sector seem to be leading the way.
The S&P 500 just made an all time high last Friday, dusting a lot of bearish sentiments from investors. Ultimately, SPY is still on a very strong uptrend and in my opinion, there's no reason to be bearish until there is one. While I remain bullish, I still am cautious and am ready to cut my positions should I need to. (putting back my Bear cosplay costume into the closet for the moment)
$Netflix (NFLX.US)$ would be the true tell tale sign of how the markets want to move when it reports its earnings. While not in the magnificent 7, Netflix is on equal tier to the mag7, and investors/analysts around the world will be looking at Netflix as an indicator of consumer spending
My personal thoughts is that if we can maintain to bullish momentum to the upside, funds might flow out from safe haven assets into riskier assets, such as Crypto or small-cap stocks, potentially giving some nice price movement to the upside for the small-cap market
Stop losses up, protect your profits. Have a good trading session this week.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Just a dumb bull believing that stonks only go up... until there's a reason to cut and cosplay as a bear
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Bear Bear Craig : Great view