Get hyped – biggest earnings week yet


The market is not the economy.

There were some major warnings coming from companies last week.

You had the catastrophic report from Intel (INTC)…

Microsoft (MSFT) reporting that growth is slowing…

IBM actually beat earnings but missed its annual cash target… and the stock was down last week.

There are also layoffs and and hiring freezes across most of Big Tech:

  • Meta Platforms
  • Amazon
  • Alphabet
  • Spotify
  • Salesforce

And plenty where that came from.

Yet the market as a whole is rallying. There’s plenty of FOMO (Fear Of Missing Out) there.

Investors should be cautious – we saw the same kind of thing happen with crypto. Crypto itself is having a comeback, but it’s nothing compared to the prices we saw over the last few years.

This week will be even more important when it comes to earnings.

Alphabet (GOOGL), Apple (AAPL), Amazon (AMZN) and Facebook, er, Meta Platforms (META) are all on deck for earnings this week.

That might be enough to break the momentum that’s still driving people into the market.

Stay connected.

Each report is going to have an impact far beyond one company.


Keep Moving,


PS. While the market sank 6%, you could have closed December out with a PROFIT of $18,500…with only $1,000 deployed on each of my trades – including our very few losses.

 

While many others have joined the TradeCommand Network for $2,997 a year, you can try Chris Hood’s’ strategies for ONLY $97.

Click here now for the full details.


COACH’S CORNER

“This is a big week for the market. According to my indicators, everything points to more upside this week. But for how long? As you can see on the graph we’re within a huge block of sell orders and despite the fact that we’ve breached and held above the 200 day MA (white line), we have yet to clear that resistance.

Should we get above 4168 on SPX there’s a solid case for a bullish trend, but below that the long term still looks like we could have more downside. No one knows, you just have to take it day by day and trade what you see. And of course we could stall and chop around for while. Follow your indicators and don’t make trades based on your opinions.

Expect some volatility this week with earnings reports for some of the bigger companies, economic data releases, and the FOMC meeting on Wednesday. Just stick to your plan and don’t overcommit.)

Cheers,
Chris Hood

 

 


WORD ON THE STREET 

PELOSI Act, Debt Ceiling “Catastrophe,” CMG Hiring Spree

  • Not Everyone Is Laying People Off – Chipotle (CMG) is not one of the companies with a hiring freeze. In fact, it’s just getting started. The eatery is looking to hire 15,000 workers as the busy season approaches – from March till May. The unemployment rate for eateries is actually lower now (5.2%) than it was before the pandemic (5.7%).
  • Josh Hawley Advances Bill To Ban Congress From Trading Stocks – Not a few people have noticed that members of Congress seem… suspiciously good at trading stocks. Senator Josh Hawley (R-MO), who is working hard to buttress his populist credentials for 2024, has reintroduced his “Preventing Elected Leaders from Owning Securities and Investments” Act, which would prevent those in Congress or their spouses from owning or trading stocks. See if you can figure out the acronym. (Seriously, these cutesy names for bills are enough to make me wish for a king and have done with it.)

In unrelated news, Paul Pelosi, Nancy Pelosi’s husband, sold 30,000 shares of Google a month before news of a DOJ Investigation.
  • Yellen Warns Of “Catastrophic” Showdown – Treasury Secretary Janet Yellen is “nervous” and she has good reason. Congress has yet to raise the debt ceiling and without it, the American government could default. She predicted a “recession” and “financial crisis” unless the ceiling is raised, calling it “devastating” and a “catastrophe.”

  • Trump Begins Presidential Campaign – Former president Donald Trump began his re-election campaign with rallies in New Hampshire and South Carolina, with ’45 saying “I’m more angry now and I’m more committed now than I ever was.” While Donald Trump is already campaigning, the man who may be his most formidable challenger, Florida governor Ron DeSantis, has yet to announce his candidacy. Trump says that DeSantis running against him would be a “great act of disloyalty because, you know, I got him in.”

 

 


HOT SPOTS: What’s Going on in Geopolitics

  • UK Army Spied On COVID-19 Lockdown Critics – Let’s check in on liberal democracy. The Daily Mail reports that the British Ministry of Defence’s 77th Brigade studied the social media accounts of government critics. The Ministry of Defence had previously denied doing this. Dossiers were prepared on British citizens, notably conservative columnist Peter Hitchens. “The most astonishing thing about the great COVID panic was how many attacks the state managed to make on basic freedoms without anyone much even caring,” said Hitchens, “let alone protesting.”
  • New World War Just Dropped – General Mike Minihan, head of Air Mobility Command, predicted a war with China by 2025. He suggested that China will move on Taiwan because the United States will be “distracted” by the 2024 presidential election. In response, he argued America should build a “fortified, ready, integrated and agile Joint Force Maneuver Team ready to fight and win inside the first island chain.”

  • Contrasting Claims Over Blahodatne – A village near the battleground of Bakhmut has reportedly been seized by the Russia-aligned Wagner paramilitary group. Taking the village would allow Russia to encircle and starve out the beleaguered but heavily fortified Ukrainian force in Bakhmut. Wagner’s claim has not been independently verified.


Chief Investment Strategist, Adam O’Dell, says we’re witnessing a new oil boom that is STILL just in its infancy.
Because Adam says there’s a convergence of multiple geopolitical and economic factors coming together in 2023…that will create a brand-new SUPER BULL in oil…
That could send prices higher than any previous peak in history.

CUTTING EDGE: Whats Happening In Tech

  • Middle Management Doomed At Meta – Meta Platforms is among the Big Tech companies that’s been very aggressive with layoffs lately, but it may be just beginning. Middle managers could be the next target. “I don’t think you want a management structure that’s just managers managing mangers, managing managers, managing managers, managing the people doing the work,” Mark Zuckerberg reportedly said on an internal call. Either this is a sign of things to come or Zuckerberg has had a complete breakdown and is just in a padded room somewhere screaming “managers” over and over again.
  • Evusheld Made Obsolete By COVID Variants – A once powerful weapon for those with weak immune systems has been rendered obsolete against new COVID-19 variants. The FDA has pulled authorization of Evusheld, an antibody injection that helped those with weak immune systems fight off the virus. However, it has proven ineffective against 95% of the omicron subvariants of COVID-19 that are now spreading throughout the United States.

  • Vets Don’t Bite At Telehealth For Pets – Telehealth became extremely important for humans during the COVID-19 pandemic, as people tried to avoid in-person visits. So why wouldn’t it work for pets? Chewy (CHWY) is trying to expand its “Connect With A Vet” program that will expand telemedicine for pets. However, it’s being blocked by regulations that require veterinarians to see an animal in-person before doing business. An advocacy group funded by Chewy, the Veterinary Virtual Care Association, is pushing to scrap the regulations.

Chewy’s push is meeting opposition from some veterinarians who want to keep the existing in-person requirement

FOR YOUR CONSIDERATION

“Do you consider yourself conservative? And no I’m not talking politics here. Those should have nothing to do with trading.”

Good trading rules work for everybody. But that doesn’t mean there’s a one size fits all trading approach.

Your trading approach will change depending on your assets, personality, and time preference. In the end, what kind of trader are you?

It’s time for self-knowledge. Chris Hood has more.

 


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