The major indexes are mixed as the market digests earnings from tech giants Amazon and Apple — and more in Friday’s stock market recap.
Amazon.com Inc. (Nasdaq: AMZN) fell 13% in premarket trading on weaker-than-expected revenue and disappointing fourth-quarter guidance, dragging the Nasdaq down with it.
Apple Inc. (Nasdaq: AAPL) beat on earnings and revenue estimates but reported weaker-than-expected iPhone revenue, causing shares to initially slip before recovering.
But just because much of big tech has reported, that doesn’t mean earnings season is over — AbbVie Inc. (NYSE: ABBV), Bloomin’ Brands Inc. (Nasdaq: BLMN), Exxon Mobil Corp. (NYSE: XOM) and NextEra Energy Inc. (NYSE: NEE) among others report Friday.
In times like these, I like to turn to algorithms and indicators to help guide my trading. That’s why I love my new Quantum indicator…
Not only can it be used purely as an indicator to signal high and low levels on a stock that we can then use to pick entry and exit targets, but it can also be used as a system to backtest data and identify the stocks that would’ve provided the top trades of the past two years, including the profit factor!
I just held a special presentation to debut the Quantum Indicator and reveal exactly how it works, including how easy it is to install on your own trading platform.
In this morning’s stock market recap video, I’ll review the Federal Reserve data that’s driving stocks… the top two sectors that appear to be ready to trade higher… whether the Dow is ready to crater or explode… whether the global economy or earnings is driving stocks most… which stocks to pay close attention to in the next few sessions… what to expect from the market in the next few days… plus an update on current momentum levels and what’s popping!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
I just unveiled my brand-new trading tool, the Quantum Indicator.
And what a rush the launch was — we can’t believe how many people showed up!
The Quantum Indicator has demonstrated the power to pick up on market moves with high historical probabilities.
New signals are coming when the market closes next, meaning you could have some buy signals popping up tomorrow…. and the next day… and the day after that…
I just revealed everything, from how to install the Quantum Indicator to how it works.
P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
On Fridays, we’ll review the week that was… We’ll discuss how our trades did, what we learned and how to apply it to next week’s trading plan, and any developing trade setups. This video will put a bow on the week. We’ll also go over winners from my different member strategies.
Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to firstname.lastname@example.org!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.