Churn till Thursday?

[] markets probably won’t move much till Thursday’s flood of news comes out [] [] [] [] I didn’t mention it yesterday, but I’m spending the first half of this week near Jacksonville, FL teaching a class with Tom Busby, so today’s update will be a bit short. [] Markets closed yesterday with nearly a 1% jump, which was nice to see. But as I write to you this afternoon, S&P /ES futures have given back about half of that gain. The Dow and QQQ have both given back all or almost all of their Monday move. That’s not surprising, though. I mentioned yesterday that the big news markets are waiting on is coming this Thursday. Until then, I expect we might see some churn, but the major moves will likely wait until after those reports. Just as a quick reminder, Thursday is a big day for data when we’ll get: • retail sales numbers • jobless claims • the Philly Fed Manufacturing Index • the EIA petroleum status report • and NFLX earnings. If you missed yesterday’s newsletter, be sure to [check it out for a breakdown on why those reports matter](. Now, onto this morning's action — we’ve already had earnings reports from a bunch of big names like UnitedHealth Group (UNH), Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Charles Schwab (SCHW), and PNC Financial (PNC). The good news is, all the ones I mentioned beat expectations. This afternoon, we’ll hear from United Airlines (UAL), Interactive Brokers (IBKR), J.B. Hunt (JBHT), and Pinnacle Financial (PNFP), so keep an eye out for those. But don’t get too caught up in today’s numbers — because remember, Thursday is when the flood of data hits, and that’s the day to watch for some real market movement. Stay sharp, and I’ll keep you updated as things unfold. — Geof Smith P.S. Nate Tucci’s revealing how he plans to take advantage of this market melt-up. [Get all the details right here.]( [] [] I didn’t mention it yesterday, but I’m spending the first half of this week near Jacksonville, FL teaching a class with Tom Busby, so today’s update will be a bit short. [] Markets closed yesterday with nearly a 1% jump, which was nice to see. But as I write to you this afternoon, S&P /ES futures have given back about half of that gain. The Dow and QQQ have both given back all or almost all of their Monday move. That’s not surprising, though. I mentioned yesterday that the big news markets are waiting on is coming this Thursday. Until then, I expect we might see some churn, but the major moves will likely wait until after those reports. Just as a quick reminder, Thursday is a big day for data when we’ll get: - retail sales numbers - jobless claims - the Philly Fed Manufacturing Index - the EIA petroleum status report - and NFLX earnings. If you missed yesterday’s newsletter, be sure to [check it out for a breakdown on why those reports matter](. Now, onto this morning's action — we’ve already had earnings reports from a bunch of big names like UnitedHealth Group (UNH), Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Charles Schwab (SCHW), and PNC Financial (PNC). The good news is, all the ones I mentioned beat expectations. This afternoon, we’ll hear from United Airlines (UAL), Interactive Brokers (IBKR), J.B. Hunt (JBHT), and Pinnacle Financial (PNFP), so keep an eye out for those. But don’t get too caught up in today’s numbers — because remember, Thursday is when the flood of data hits, and that’s the day to watch for some real market movement. Stay sharp, and I’ll keep you updated as things unfold. — Geof Smith P.S. Nate Tucci’s revealing how he plans to take advantage of this market melt-up. 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No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](