RileyCapital

RileyCapital Updated 

AAPL continuing to follow the trend like a champ. 222 Continuation on the daily looking good. Nothing major in sight to stop this until Powell speaks. 156 is resistance so once it gets closer, need to see what is next.. Looking at the AAPL 3/31 154C until Powell talks

RileyCapital Updated 

Pre-Sales of the Lightning were stellar. Haven't seen a truck on the streets as of yet but 2022 models were sold out and delivered. 2023 Models are being sold as we speak. Also that Ford Electric network isn't the greatest thing on Earth which compounds things Ford is still in the downtrend towards earnings. I wouldnt anticipate it breaking out until once we get...

RileyCapital

SPX is still respecting the downward trend. Bouncing off the lower trend line but never breaking below or above. I anticipate this continuing until the Sith Lord (Powell) speaks on whether or not rates go up. Should be another rocky week unless another bank folds. My prediction... Long for the week Friday premiums get burned to bring us back down over the...

RileyCapital Updated 

Last chart shows trendlines and SPX is following them like a champ. However, I don't see this continuing right? Nothing on the economic calendar shows continued downside. Should bounce at support and move up slowly UNLESS the jobless claims explode out and take us back down. If that happens, then down we go.

RileyCapital

Closed below the trend...down she goes... SPX should be heading towards 4000....

RileyCapital

SPX looking very relaxed coming into the week. The DarkLord Powell speaks on Tuesday so I anticipate Monday ES1 and SPX are non-directional until we hear what happens on Tuesday.