Finishing Up Month With a Load of Earnings

The video below is an overview of what I’m watching from a Macro view in the equities market.. we’re currently at the make-or-break level as the SPX nudges against weekly descending trendline and horizontal resistance at 1338. With the earnings season in full swing, I’ll focus a little less on the macro technicals and, instead, find opportunities in individual plays (see stock setup blogs this evening). By doing this, I can filter out some of the noise and find short term momentum moves that exist every day whether the market is up or down. I’ll also shorten my trades and take home less at night. I’m not interested in waking up to a smack down on any of my positions, so day trades will rule the game until earnings reports start to wind down. If SPX breaks 1338 with consistently strong earnings, I may limp into a few swings. Day to day.