Microsoft and Facebook Earnings Today, Amazon Tomorrow

Major U.S. indices started the day trading lower before leveling out ahead of a bevy of big-name earnings set to release today, while one major earnings report already released. Boeing first-quarter earnings were released before market open today as well as Facebook, Microsoft, and Tesla after market close. Other notable reports set to release today include AT&T, Caterpillar, PayPal, and Visa. Also moving markets today are several global developments, the biggest of which involves the recently announced date for U.S.-China summit, scheduled for April 30th. The market continues to trade above its 200-day moving average and most technical indicators point to a retest of 52 weeks high for the SPY, $294. The support level for SPY remains at $286 and we recommend monitoring these levels as well as Seasonal Charts. For reference, the SPY Seasonal Chart is shown below:

Boeing earnings did not meet expectations but saw shares rise to the tune of 1%. Guidance for 2019 was unclear as Boeing continues to deal with the fallout surrounding the Max 737 jet issues. Caterpillar, on the other hand, saw earnings top expectations but shares slip over 2%. Yesterday, Whirlpool and Verizon saw similar fates with earnings topping most expectations but shares dropping throughout the day. Other notable earnings yesterday included Coca-Cola and Twitter, both of which saw decent gains behind decent earnings and guidance outlooks. Look for a continuation of major earnings releases with Visa, Facebook, and Microsoft set to report today; Amazon, Intel, and Comcast scheduled to report after market close tomorrow.

Globally, Asian and European markets traded mostly lower, though China closed in the green. China-U.S. trade talks are set to resume in Beijing on April 30th which will precede a D.C. visit scheduled for May 8th. The high-level delegation team will consist of similar faces including Lightihizer and Mnuchin representing the U.S. while China will send Liu He to Washington. Over in the UK, Parliament is looking to restart Brexit talks ahead of several upcoming European elections.

Using the “^GSPC” symbol to analyze the S&P 500, our 10-day prediction window shows mixed signals. Today’s vector figure of +0.56% moves to -0.69% in five trading sessions. The predicted close for tomorrow is 2,949.60. Prediction data is uploaded after the market close at 6 pm, CST. Today’s data is based on market signals from the previous trading session.  

Only a few hours left! 

Lifetime Access to the Stock Forecast Toolbox!

Here’s a brief outline of what you get when you put Stock Forecast Toolbox to work: 

The Stock Forecast Tool predicts how a stock’s price trend is moving in the short and long-term future. In other words, it references a historical set of data, finds a mathematical pattern, and predicts the stock’s price trend over a time period of 1 hour to 10 business days.

• The Stock Forecast Toolbox is like a Crystal Ball!

• It takes market data and runs it through complex algorithms and quantitative analytics that work behind the scene breaking it down into extremely useful information.

• You don’t need to be a math nerd to understand that the Stock Forecast Toolbox gives you everything you need to determine which way a company’s stock price is trending during any given time period.

Click Here to Sign Up

Highlight of a Recent Winning Trade

On April 12th, our ActiveTrader service produced a bullish recommendation for Sysco Corp (SYY). ActiveTrader is included in all paid Tradespoon membership plans and is designed for day trading.

Trade Breakdown

SYY entered its forecasted Strategy B Entry 1 price range $68.12 (± 0.12) in its first hour of trading and passed through its Target price $38.80 in the last hour of trading that day. The Stop Loss price was set at $67.44.

Thursday Morning Featured Stock

*Please note: Our featured stock is part of your free subscription service. It is not included in any paid Tradespoon subscription service. Vlad Karpel only trades his own personal money in paid subscription services.  If you are a paid subscriber, please review your Premium Member Picks, ActiveTrader or MonthlyTrader recommendations. If you are interested in receiving Vlad’s personal picks,  please click here.

Our featured stock for Thursday is Alphabet Inc. (GOOGL). GOOGL is showing a confident vector trend in our Stock Forecast Toolbox’s 10-day forecast. This stock is assigned a Model Grade of (A) indicating it ranks in the top 10th percentile for accuracy for predicted support and resistance, relative to our entire data universe.  

The stock is trading at $1266.18 at the time of publication with a +0.28% vector figure.

Prediction data is uploaded after market close at 6 p.m., CST. Today’s data is based on market signals from the previous trading session.

Note: The Vector column calculates the change of the Forecasted Average Price for the next trading session relative to the average of actual prices for the last trading session. The column shows expected average price movement “Up or Down”, in percent. Trend traders should trade along the predicted direction of the Vector. The higher the value of the Vector the higher its momentum.

Oil

West Texas Intermediate for June delivery (CLM9) is priced at $65.84 per barrel, down 0.69% from the open, at the time of publication.

Looking at USO, a crude oil tracker, our 10-day prediction model shows mixed signals. The fund is trading at $13.69 at the time of publication, down 1.00% from the open. Vector figures show -0.24% today, which turns +0.97% in five trading sessions. Prediction data is uploaded after market close at 6 p.m., CST. Today’s data is based on market signals from the previous trading session. 

Gold

The price for June gold (GCM9) is up 0.44% at $1,278.90 at the time of publication.

Using SPDR GOLD TRUST (GLD) as a tracker in our Stock Forecast Tool, the 10-day prediction window shows mostly negative signals. The gold proxy is trading at $120.56, at the time of publication. Vector signals show -0.05% for today. Prediction data is uploaded after market close at 6 p.m., CST. Today’s data is based on market signals from the previous trading session.

Treasuries

The yield on the 10-year Treasury note is down 1.86% at 2.52% at the time of publication. The yield on the 30-year Treasury note is down 1.14% at 2.95% at the time of publication.

Using the iShares 20+ Year Treasury Bond ETF (TLT) as a proxy for bond prices in our Stock Forecast Tool, we see negative signals in our 10-day prediction window. Today’s vector of  +0.04% moves to -0.71% in three sessions. Prediction data is uploaded after market close at 6 p.m., CST. Today’s data is based on market signals from the previous trading session.

Volatility

The CBOE Volatility Index (^VIX) is up 5.54% at $12.96 at the time of publication, and our 10-day prediction window shows negative signals. The predicted close for tomorrow is $12.54 with a vector of -1.37%. Prediction data is uploaded after market close at 6 p.m., CST. Today’s data is based on market signals from the previous trading session.

Only a few hours left!

Lifetime Access to the Stock Forecast Toolbox!

Here’s a brief outline of what you get when you put Stock Forecast Toolbox to work: 

The Stock Forecast Tool predicts how a stock’s price trend is moving in the short and long-term future. In other words, it references a historical set of data, finds a mathematical pattern, and predicts the stock’s price trend over a time period of 1 hour to 10 business days.

• The Stock Forecast Toolbox is like a Crystal Ball!

• It takes market data and runs it through complex algorithms and quantitative analytics that work behind the scene breaking it down into extremely useful information.

• You don’t need to be a math nerd to understand that the Stock Forecast Toolbox gives you everything you need to determine which way a company’s stock price is trending during any given time period.

Click Here to Sign Up