QCOM Breaks to New HighQCOM is running up ahead of earnings with a rebound off of a sell down during last earnings season. The recovery is a fast short-term V bottom.
Earningsseason
ORBEX: Look at SPX Volumes for Further Clues!Despite the US-China phase one trade deal supporting equities the upside could be minimized if priced in already since as indices have been moving up since the December truce!
Geopolitics suggest more strength, however, technicals indicate otherwise! Will corporate earnings trigger a shift from a macro perspective? Well, either that or weaker US inflation data!
It seems that equities hang on earnings and inflation, whereas the US index only on inflation data.
Timestamps
SPX 8H 01:30
DXY 8H 04:25
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Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
AVGO Forms an Asymmetrical Triangle Ahead of Earnings SeasonAVGO is slowly working to complete the Asymmetrical Triangle candlestick pattern that started in June.
KLAC Compression Pattern Ahead of Earnings SeasonKLAC has hit a new all-time high and is now in a tight compression, even as Dark Pool Quiet Rotation™ continues.
SWKS Developing Symmetrical TriangleSWKS shows an unusual Symmetrical Triangle formation ahead of Earnings Season. The triangle follows a failed attempt to break out above the previous all-time high.
AAPL Earnings Report Gap FailsAlthough Apple news claimed that the company “beat expectations,” the stock gapped up and quickly reversed, then moved down further. This is due to their Guidance for the next quarter. Many companies are able to beat the analysts’ estimates, but forecast lower for next earnings season.
$AAPL into EARNINGS #AAPLFirst of all $AAPL is at a mayor trendline so a miss could make us fall heavy.
If Apple has a miss in earnings, we could see a downtrend starting aiming at the 50ma weekly at $192 and 100ma weekly at $182. On the daily timeframe theirs also a lot of support around the $180-$190 zone.
If Apple has a beat in earnings. We could see $230, $260 and $270 as first take profits.
Will update this post what my feelings are going to be on the earnings from. $AAPL.
INTC Has Massive Gap to Run DownINTC not only had a poor earnings season, but it also faces challenges from recent new tariffs in China. Intel’s stock price has fallen back to the lows of December 2018. This should provide support for the stock due to fundamentals.
SYMC Compression Below ResistanceSymantec Corp. was sideways for most of this year. Recently, it gapped up during earnings season. A weak retracement may be a setup for a breakout attempt against long-term resistance. Red line shows that resistance level on this chart.
