The Missing-In-Action “Market On Open” Report Returns
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Earnings Reactions Also Bullish
When markets are on the move, up or down, the trend plows on regardless. In a bear market, when the sun is shining and earnings are good, the market worries about climate change and inflation. In a bull market, when it is raining and earnings are down, the market sees these things as helping to solve the water crisis and investing for the future. It’s almost as if markets have their own logic and reality is merely an input.
Right now the market is very much bulled up and the reaction to single-stock earnings has been bullish indeed. As you will see from a number of earnings reports we have for you - if you’re a paying Inner Circle subscriber that is - in the coming days, ‘quite good’ earnings have delivered very good stock outcomes. Hallmark of the bull.
A pullback will come, it always does, and it will be available to be played accordingly. But so far, up remains the direction of travel. We’ll know when it turns down, because it will, er, turn down. No need to anticipate or predict or theorize about when or why. We can just watch and react as always.
Let’s check in on our usual charts.
Paying members of Inner Circle, scroll down for our long- and short-term take on the S&P500, the Nasdaq-100, the Dow Jones 30 and the Russell 2000 - including the regular ETFs, the futures, the 3x leveraged ETFs and then finishing with a take on sector ETFs in semiconductor, tech, and the Fangs.
(Not a paying member? Sign up right here. If you’re not sure about committing, just take the monthly. If you like it and want to take an annual, we’ll deduct that first month’s fee so you’re not out of pocket. If you hate it, you’re down only $299).
Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.