What’s on Tap for the Financial Markets This Week

Tom Gentile

Posted in
Uncategorized

By: Tom Gentile
October 31st, 2022

3 mins read

We will look at the Morning Reports List as we get this week started to see where options traders are putting their money to work.

It is up to you to determine which direction you believe the markets will trend so you can then determine if you want to trade option in a bullish or bearish fashion

Earnings this week ending 2022-11-04

Last week we saw many of the major tech companies report and due to their underwhelming results it put a lot of pressure on the NASDAQ. The bullish thing about the market in the real short-term is even with those lackluster results the NASDAQ closed up on the week.

Exxon Mobil and Chevron announced at the end of last week. The stocks continued to hold steady and maintain their uptrend and even today though they close doff their intra-day high they still had bullish days.

Per www.earningswhispers.com some notable companies reporting their earnings this week are Advanced Micro Devices (NYSE: AMD) so we can get a sense of what’s going on with semiconductors.

Pfizer is also due out this week and that will shed a light on Health Care. We also get a bead on Oil and Energy with BP Plc ADR (NYSE: BP) and Devon Energy Corporation (DVN) this week.

The Fed

Slated for Wednesday is the FOMC announcement. The ongoing fight to stave off inflation is going to be addressed and what further actions they are going to take, and their ongoing plans are either going to cause increased price volatility in the markets or we will see if the markets have already been pricing in their expectations and things behave a bit more rationally.

Morning Reports Lists

In taking a look at these lists one can take a couple of different approaches so long as there is data to better enable one to pursue an option as outlined here.

1) One can take a look at the upcoming companies due to report their earnings.

Once they get those dates know they can then keep an eye on the Morning Reports Lists to see if any of these companies are showing up on the list.

Depending on if a company ends up by chance on a bullish or bearish list will give indication where one might want to talk with their broker about trading.

2) If no one company reporting earnings is popping up on any of these lists one can then decide which direction the markets trade; do they continue their recent ramp higher or do they top out and are due to roll over.

Then look at the options populating the bullish or bearish options lists and discuss further with your broker.

Image
Image 1
Image 2

App: Toms Option Tools

Toms Option Tools scan the markets for bullish and bearish trade opportunities using our proprietary scans and strategy algorithms. TTR Darknet finds bullish entries based on triple stack channel collisions. Money Calendar identifies seasonal patterns with at least 90% accuracy looking back 10 years. Weekly Cash Clock finds short term opportunities that last a week on average. Microcurrency Trader applies Darknet technology and moving averages to cryptocurrencies. Velocity Trader utilizes volume spike and Velocity indicators on custom stock lists. Quantum Scripts scans the markets for momentum acceleration signals and employs Quantum noise filters. Optimal Trader finds directional pre-earnings opportunities that are optimized for entry date, stock movement, and volatility surge. My Trades tracks the profit/loss of your trades, displays stock charts and risk graphs, creates new trades, and edits existing trades. Morning Report provides top 10 option rankings in 6 categories each day.


Disclaimers

Stock and options trading has large potential rewards, but also large potential risk.

You must be aware of the risks and be willing to accept them in order to invest in the stock and options market. Do not trade with money you cannot afford to lose.

This is neither an offer to buy/sell/ or recommend a particular stock or option.

Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been actually executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with hindsight.

No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Disclaimer of Warranties and Liabilities Tom Gentile and TomsTradingRoom, LLC including employees, consultants, and editors (“Publisher”) cannot and do not warrant the completeness or accuracy of the content found in our areas, or its usefulness for any particular purpose.

Tom Gentile and TomsTradingRoom, LLC also make no promises that our content or the service itself will be delivered to you uninterrupted, timely, secure, or error-free. Under no circumstances will Tom Gentile and TomsTradingRoom, LLC be liable for direct, indirect, incidental, or any other type of damages resulting from your use or downloading of any content on our site.

This includes, but is in no way limited to, loss or injury caused in whole or in part by our negligence or by anything beyond our control in creating or delivering any portion of Tom Gentile and TomsTradingRoom, LLC.

You are agreeing that you bear responsibility for your own investment research and investment decisions. You also agree that Tom Gentile and TomsTradingRoom, LLC will not be liable for any I, investment decision made, or action taken by you, or others based upon reliance on news, information, or any other material published by Tom Gentile and TomsTradingRoom, LLC.

Tom Gentile and TomsTradingRoom, LLC relies on various sources of information that we believe to be accurate and reliable. However, we make no claims or representations as to the accuracy, completeness, or truth of any material contained on our site.

Tom Gentile and TomsTradingRoom, LLC are educational portals, providing content for educational and informational purposes only. Neither Tom Gentile nor TomsTradingRoom, LLC are a broker/dealer. Investors need a broker to trade stocks and options and must meet certain requirements. All securities, futures, and investments data and ideas are offered to self-directed investors. All prices in USD unless noted otherwise.

A full disclaimer can be found here:  http://www.tomgentile.com/legal_disclaimers.html.

Sign Up Now for Free Education!