Programming Note: STEP System MasterMind Group which is normally held on Wednesday’s will be held tonight at 8:30 EST. More information can be found here.
Markets are trying to hold onto short-term support levels as we start an interesting week. The financial media and investors are chitter-chattering about inflation and rising real yields as potential head winds for the market and Jerome Powell will undoubtedly having something to say about these topics when he delivers his semi-annual testimony to the Senate Banking Committee and the House Financial Services Committee this week. The earnings calendar is not as robust as recent weeks but there are certainly still some significant names on the calendar including Home Depot, Square and Nvidia. Commodities remain hot…bitcoin a little soft to start the week….it is going to be another wild week in trading and we will be here for every step of the action!
Earnings This Week
- Monday – Discovery Communications (DISCA), Occidental Petroleum (OXY) and Palo Alto Networks (PANW)
- Tuesday– Home Depot (HD), Macy’s (M),Square(SQ), Toll Brothers (TOL),
- Wednesday – Lowe’s (LOW), TJX Companies (TJX), and Nvidia (NVDA)
- Thursday –Best Buy (BBY), Anheuser-Busch InBev (BUD)
- Friday – Dell Technologies (DELL), HP Inc. (HPQ), Salesforce.com (CRM), Rocket Companies (RKT)
IPOs Expected This Week
- No IPOs are scheduled to price
Economic Events
- Tuesday and Wednesday – Federal Reserve Chairman Jerome Powell delivers his semi-annual testimony to the Senate Banking Committee and the House Financial Services Committee.
- Wednesday – New Home Sales
- Thursday – Jobless Claims
- Friday – Personal Income and Outlays
Chart of the Day
Earnings This Week
| Earnings season continues in the last heavy weeks of earnings for this cycle. While there will be companies report every week until the next earnings cycle after this week this one is in the books for the most part. |
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Video of the day
Trade Masters
In case you missed it, Check Out Coach Marquise, Tyler and Mark discuss swing trading and trading setups in last week’s special Trade Masters webinar.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Weekend Reports
Watch the Stock, Options, Commodity and Forex Reports to help yo prepare for the week.
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