Here are the key earnings reports.
Day of the Week Company To Declare Earnings Sector Dominance
Comparing those to the key economic news we predict the following:
Monday
HAL and NE will take provisions and not declare outstanding results, they will move out profit declaration and with that give the market a negative sentiment.
Tuesday
Technology and Healthcare will come in on the high side we expect a market move to the upside.
Wednesday
Financials will publish before the market: What shall we say, there is only one way: if you have free money and you already wrote off more than you needed: UP Market expected.
Thursday
Here comes the kicker: Jobless claims however the statistics will be tweaked will not be beautiful. Existing home sales will still not be favorable by sales that were pushed into April to participate from the government spending program.
We expect a market move to the downside even though key companies will report good earnings but challenging revenue attained numbers.
Friday
Consumer related companies will show better earnings and a positive market outlook which should lead to an upside movement.
These are our assumptions, but surely we let the market teach us what is happening.
Good Trading!
NeverLossTrading
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