{"id":67404,"date":"2023-04-24T08:35:34","date_gmt":"2023-04-24T12:35:34","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=67404"},"modified":"2023-04-24T10:11:00","modified_gmt":"2023-04-24T14:11:00","slug":"scott-redler-big-earnings-week-2","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/04\/24\/scott-redler-big-earnings-week-2\/","title":{"rendered":"Tech Earnings Time"},"content":{"rendered":"

We have small red arrows around the world as we head into the busiest week of earnings.<\/p>\n

The SPX<\/strong> was in the same spot 2 years ago and at the start of 2023.<\/p>\n

The year of the range that is squeezing out the excess of 2020.<\/p>\n

The Recession that's been predicted for 9 months still isn't here.<\/p>\n

We'll see how we react to earnings this week. We can't get too bearish if 4090 holds.<\/p>\n

SPY<\/strong> held the $410 area a few times. This range feels vulnerable at times but is still intact. We should get some type of move because it\u2019s a big earnings week. Pivot resistance is $412.68.<\/p>\n

\"\"<\/a><\/p>\n

QQQ<\/strong> still has a big cup & handle type look. We need some good earnings to resolve it. A strong move this week above $317.40 then $321 sets it in motion. A move and close below $314 and all of a sudden it fails. Have plans for both scenarios.<\/p>\n

Now let's look at some tech names, including some of this week's big earnings reports:<\/p>\n

GOOGL<\/b>\u00a0reports Tuesday. Expectations are low. $109 is a big pivot area. If you want to take a call spread, I\u2019d perhaps look at a $107\/$112.50 or $110\/$115. The risk-reward is decent if you think it reacts well.<\/p>\n

MSFT<\/b> also reports Tuesday and has high expectations. $292-$294 is a big area to watch. It needs to get and stay above that to react well post-earnings. A $295\/$305 call spread may work.<\/p>\n

META<\/b>\u00a0held the 21 day Friday with a low of $209.58 to trade against. It reports Wednesday after the close. Expectations here are pretty high. We'll see if there's a play Wednesday. I\u2019d trim today and see if it holds $213.41.<\/p>\n

AMZN<\/b>\u00a0ignited last Wednesday and started to act better. It hit $108.15 We'll see how it reacts into earnings Thursday.<\/p>\n

AAPL<\/b>\u00a0is trying to consolidate higher. GS said results should be better than feared but earnings aren't till next week. See if $164.49 can act as upper support.<\/p>\n

Scott Redler Positions Disclosure as of 2023-04-24 at 10.10.15 AM<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We have small red arrows around the world as we head into the busiest week of earnings. The SPX was in the same spot 2 years ago and at the start of 2023. The year of the range that is squeezing out the excess of 2020. The Recession that’s been predicted for 9 months still isn’t here. We’ll see how we react to earnings this week. We can’t get too bearish if 4090 holds. SPY held the $410 area a few times. This range feels vulnerable at times but is still intact. We should get some type of move because it\u2019s a big earnings week. Pivot resistance is $412.68. QQQ still has a big cup & handle type look. We need some good earnings to resolve it. A strong move this week above $317.40 then $321 sets it in motion. A move and close below $314 and all of a sudden it fails. Have plans for both scenarios. Now let’s look at some tech names, including some of this week’s big earnings reports: GOOGL\u00a0reports Tuesday. Expectations are low. $109 is a big pivot area. If you want to take a call spread, I\u2019d perhaps look at a $107\/$112.50 or $110\/$115. The risk-reward is decent if you think it reacts well. MSFT also reports Tuesday and has high expectations. $292-$294 is a big area to watch. It needs to get and stay above that to react well post-earnings. A $295\/$305 call spread may work. META\u00a0held the 21 day Friday with a low of $209.58 to trade against. It reports Wednesday after the close. Expectations here are pretty high. We’ll see if there’s a play Wednesday. I\u2019d trim today and see if it holds $213.41. AMZN\u00a0ignited last Wednesday and started to act better. It hit $108.15 We’ll see how it reacts into earnings Thursday. AAPL\u00a0is trying to consolidate higher. GS said results should be better than feared but earnings aren’t till next week. See if $164.49 can act as upper support. Scott Redler Positions Disclosure as of 2023-04-24 at 10.10.15 AM<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[736],"tags":[],"class_list":["post-67404","post","type-post","status-publish","format-standard","hentry","category-scott-redler-dog-bytes"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=67404"}],"version-history":[{"count":3,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67404\/revisions"}],"predecessor-version":[{"id":67420,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67404\/revisions\/67420"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=67404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=67404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=67404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}