Thursday’s rally carried on into Friday with some good earnings reports and China coming out
Friday morning with a rate cut. On the earnings front the companies that are reporting
well are being rewarded….AMZN GOOGL MSFT and those that are not are being annihilated
CMG SKX VFC WHR…..many retail names were hit hard this week, which is not a great sign
going into the holiday season, often this time of the year heading into the holidays is
a more bullish time for the retail names. There are more big earnings out this week, including
APPL and TWTR on Tuesday.
Oil was unable to close above the $50 mark and is now testing support again, a break below
support that holds would take the energy related names with it, Natural Gas has broken
to new 52 week lows last week.
Weekend Setups
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