Earnings Ramp Up Next Week

July 19, 2024
Author: Peter Stolcers, Founder of OneOption
Author
Pete

The economic releases are light and earnings will set the tone.

PRE-OPEN MARKET COMMENTS FRIDAY - We've seen a little profit taking this week and that was expected after a big run the last month. The volume on the way up has been light and the candle bodies have been small. These signs told us that the gains could easily be stripped away. Buyers and sellers are paired off and we should expect intraday volatility. Keep swing trades to a minimum and focus on day trading.

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