Monday Update - Epic Trades - 10/23/2023
By David Prince
Futures are lower this morning on continued news of war and rising bond yields. The 10-year hit levels not seen since 2007.
A look at the chart shows $SPY is set to open the week below its 200-day moving average. $MSFT, $GOOGL, and $META are holding up relatively well and will report earnings this week.
We also have PCE on Friday.
The down open is nice to see as we finally get some follow-through that may take things down to more attractive buy levels. However, nothing to rush into yet.
More to come,