PRE MARKET NOTES
Back in the good old U.S. of A. Jet lag city but had a great trip. Will have a full report on market tonight but tomorrow, my retro-diary of my real-time thoughts on my trip to Auschwitz. As I walked, I posted my thoughts to myself and will put them up in the next day. I must tell you, I now know why everyone told me to be prepared and that it would change me.
That said, we head into the meat of earnings this week. Netflix after the close and then a ton in the next few weeks. Be ready.
Ugly action last week. This morning, futures up decently but beware of strong opens and weak closes. In bull phases, markets open uneventfully and rally throughout the day. During bear phases, you get good opens, only to sell it all down during the day.
Just leave no doubt, market has lost steam with my oft-said “watch the financials and the semis” breaking below support. WITHOUT THEM, MARKET WILL NOT GO HIGHER.
Tuesday earnings before the open: BAC,SCHW,CMA,GS,HOG,JNJ,NTRS,UNH.
Tuesday earnings after the close: IBM,ISRG,LRCX,VMW.
Wednesday before the open: ABT,ASML,KO,MS,AMTD,USB
Wednesday after the close: AXP,CSX,LVS,QCOM,NOW,SKX,URI
Thursday before the open: ALK,AN,BBT,BLK,BX,BK,CHKP,DHR,DISH,DHI,GM,GNTX,KEY,LAZ,NSC,NUE,PEP,PM,PPG,SHW,SWK,TRV,VZ
Thursday after the close: AMD,MXIM,UAL,V
Friday before the open: AAL,GE,HON,SLB,STI
Earnings dates subject to change.
KEEP IN MIND…the news is fluid on North Korea, Syria, Russia and all them hot spots. Markets may get pushed around a bit depending on the news but many areas of the markets were topping weeks in advance of all these potential events.