Must Reads and Market Wrap for Friday

  The only way to end your day   Stocks moved lower after the first round of big banks reported earnings and the latest economic data showed retail sales slowed more than expected. The Russell 2000 ETF (IWM) led the way lower, falling 0.93%. The S&P 500 Index ETF (SPY) shed 0.24 and Nasdaq-100 ETF (QQQ) dropped 0.19% Month over month retail sales fell 0.8%, double the 0.4% that economists expected. However, analysts said that much of the retail miss had to do with lower gas prices. The market didn't seem to factor this into its reaction, as indexes fell after opening higher. It should be noted that stocks pared losses later in the day. West Texas Intermediate (WTI) oil contracts rose 0.52% after dropping 0.9% on Thursday. Gold futures pulled back from near one-year highs, dropping 1.67%. Bitcoin (BTC) and Ether (ETH) each remained over their significant levels of $30,000 and $2,000 respectively. Next week offers traders and investors a bit of a reprieve from economic reports adding potential volatility to the market...however corporate earnings season trundles on, with over 150 companies releasing quarterly reports, including Schwab (SCHW), Netflix (NFLX), Bank of America (BAC), Goldman Sachs (GS), Tesla (TSLA), and Taiwan Semiconductor (TSM). Today’s leading sectors: Financials (XLF +1%), Energy (XLE +0.18%) Today’s lagging sectors: Real Estate (XLRE -1.72%), Biotech (XBI -1.56%)   Must Reads     Taming the bank trade How should we take that rug pull that happened on Friday morning? As I've noted, low-volume momentum is extremely dangerous...and key technical lines have fueled large selloffs that crush the FOMO traders. [Here's what I mean...]( [Continue Reading](     How to prepare for a potential recession Markets are trending up right now, thanks to a better-than-expected CPI and PPI print, which suggests that high interest rates are starting to make progress against inflation. In the short term, we might even see a large melt-up in the stock market, especially if we manage to reach and stay above [this level on the S&P 500...]( [Continue Reading](     7 years of near-perfect performance Meet your new best friend in volatile markets. Don't worry about Fed surprise rate hikes - or cuts - or safe havens or inflation... Instead, one trader has just released a new strategy that produces steady, reliable gains every week. [The strategy is simple...]( [Continue Reading](     Why I don't care about a recession This is, by far, the best trading environment I've seen since 1999. Everyone seems soooo concerned about the impending "recession." But not me. [Here's why..]( [Continue Reading](     How to trade the new Dow Theory Semiconductors are hot right now. Whether you're talking about Nvidia (NVDA), Advanced Micro Devices (AMD), or another company, those pesky little chips are all over the place. They've got a history. [Everybody who thinks they first appeared in 1990 is wrong...]( [Continue Reading](     Stop using price levels to find profit Tom Gentile has found another way to find profitable trading opportunities... Which has nothing to do with a stock's price. Today he's turning the beast loose so you can witness the sheer power of historic trades found in hindsight. [Here's how you can gain unrestricted access...]( [Continue Reading](   We’d love to hear from you! There’s nothing more that we value than hearing from our loyal Money Morning LIVE audience! 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