Expecting a bullish week in major stocks
As the earnings season kicks off in major stocks starting with GOOGL this Thursday, expecting a bullish bias this week in the market. SPX has been pulling back a little after topping the channel but RUT is already bouncing back from the 50 day line. NDX has barely budged from the rise and break it had and still strong here.
The action in CMG is sideways which may lead to higher prices as the short sellers couldn’t push this one down below as buyers kept stepping in. AAPL is looking strong here, and may run up higher towards the $100 century mark. PCLN has been forming a base and you can see the bollinger bands are getting tight, which may lead to higher prices, since it has not broken the 50 day line here.