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| From The Desk of The Trader |
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Financial Freedom HQ The Week Ahead Monday 5 February 2018
Greetings Friend:
Happy Superbowl LII to those of you who care...
As we celebrate this made up "holiday" here are a few things worth paying attention to this week.
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Monday -- Jerome Powell's swearing in; Hess earnings... The stock looks to be in a clear down trend and like it just completed a retracement. |
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Tuesday -- Disney, Snap, General Motors, Dunkin' Donuts, Chipotle earnings. The Snap weekly chart looks like a big Bear Flag pattern which generally resolves itself by trading lower. |
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Wednesday -- 21st Century Fox, Michael Kors, Hasbro, Tesla earnings. Hasbro looks to be completing a pullback and responding to a clear support level here. |
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Thursday -- News Corp, Viacom, Twitter, Kellogg, Tyson Foods, AIG, Expedia, Nvidia, Yum! earnings. Twitter is interesting from a chart perspective... It just broke through (barely) the previous weekly high from October 2016. The stock has been a rumor stock for several years now... running higher every time its rumored to be acquired. There's still plenty of that out there... but the stock is finally starting to have a positive structure. |
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Friday -- Olympics start; AAPL HomePod hits stores. AAPL is AAPL... The stock has been weak for the last couple of weeks... But it's still in a tremendous up trend... and in the middle of a support range.
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TQQQ -- The leveraged QQQ is just above TAOST Low Power Zone [TLPZ]... Look for longs against the support of that level.
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ES -- And finally... Here are the Daily TAOST POI and power levels followed by TAOST Swing Chart levels. Notice on the swing chart that price is primed to set up long again.
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Hope it helps...
KIS,
The Trader |
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