Thread: tsptalk's Market Talk

Another Monday morning gap up. Last week's didn't hold up so well. Here we go...




Some key earnings this week:

Tuesday - Tesla, UPS, Visa

Wednesday - Meta, IBM, Boeing

Thursday - Microsoft, Alphabet (GOOG), Intel

More encouraging action this morning and a modest decline in yields and the dollar are helping small caps lead this to start the day.

However the next 20+ points on DWCPF (S-fund) may be tougher than the 60 we've already saw last Friday's low.




The 10-year yield and the dollar are both at the bottom of their recent consolidation ranges, but both have open gaps below the range.




UPS reported earnings this morning helping the Transports to a 1.2% gain, and Tesla reports after the bell. They, and big tech in general, have been in a tailspin and will need an optimistic report to stop the bleeding. Big tech earnings could make or break this relief rally. 6 of the 7 Mag 7 report this week or next. Nvidia doesn't report until May 22.