Pre-Market Rundown (July 17, 2020)

Our weekly webinar series – we take a look at the stocks that are moving and some key setups. Plus a look at the news and economics for this and next week.

(Scroll down for video)

Weekly Update

  • Typical Rotation
    • Start of Earnings Season – Buy Banks
    • Investment Banks Good – Others Not So Good (MS, GS, JPM vs. WFC, BAC)
    • Fixed Income Trading Big Winner (Fed Buying Bonds and Restructuring)
    • Massive Loan Loss Provision Increases
  • Earnings
    • Tech and Industrials Staring Next Two Weeks
  • Economics Look Better – BUT….
    • Backward Looking
    • More Stimulus Needed
    • Slowing Again Due to Pandemic Breakout
  • Vaccine News
    • MRNA and AZN
    • Small Studies – Good Results – Fast Tracked
    • Favors the Out-of-Favored (Leisure and Travel)
  • July 31 – Income Cliff
  • SPACs/IPOs Have Been On Fire – Cooling a Bit
  • Market Starting to Price in Democratic Lead?
  • Follow Up – Market Overheating Again (+3,+4)
  • CPI Comes in HOT – 0.57 = > 6% YoY (Temporary Adjustment?) – Retail Sales Continue to Recover
  • Next Week (Light): Existing Home Sales, Initial Claims, New Home Sales
  • Make sure you are on mailing list for webinar updates.
  • Ask About the 4-Hour Online Coaching Program

Movers

  • Stocks to Watch: SPAQ, SPCE, TSLA, TLSA, NIU, PLNT, BAC, GS, MS

Your Symbols

Register for upcoming webinars HERE.

10-Day Free Trial of TriggerCharts Indicators
#1 HIGHEST RATED in TS APPStore

To get a free trial → Click Here.

The TriggerCharts Indicators are available on the Tradestation platform.

 

NEITHER TRADESTATION TECHNOLOGIES NOR ANY OF ITS AFFILIATES HAS REVIEWED, CERTIFIED, ENDORSED, APPROVED, DISAPPROVED OR RECOMMENDED, AND NEITHER DOES OR WILL REVIEW, CERTIFY, ENDORSE, APPROVE, DISAPPROVE OR RECOMMEND, ANY TRADING SOFTWARE TOOL THAT IS DESIGNED TO BE COMPATIBLE WITH THE TRADESTATION PLATFORM. DISCLAIMER : NO OFFER OR SOLICITATION TO BUY OR SELL SECURITIES, SECURITIES DERIVATIVE, FUTURES PRODUCTS OR OFF-EXCHANGE FOREIGN CURRENCY (FOREX) TRANSACTIONS OF ANY KIND, OR ANY TYPE OF TRADING OR INVESTMENT ADVICE, RECOMMENDATION OR STRATEGY, IS MADE, GIVEN OR IN ANY MANNER ENDORSED BY TRIGGERCHARTS, LLC. THE INFORMATION MADE AVAILABLE ON THIS SITE IS NOT AN OFFER OR SOLICITATION OF ANY KIND IN ANY JURISDICTION. PAST PERFORMANCE, WHETHER ACTUAL OR INDICATED BY HISTORICAL TESTS OF STRATEGIES, IS NO GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS. THERE IS A POSSIBILITY THAT YOU MAY SUSTAIN A LOSS EQUAL TO OR GREATER THAN YOUR ENTIRE INVESTMENT REGARDLESS OF WHICH ASSET CLASS YOU TRADE (EQUITIES, OPTIONS, FUTURES OR FOREX), THEREFORE, YOU SHOULD NOT INVEST OR RISK MONEY THAT YOU CANNOT AFFORD TO LOSE.