This Week’s Tech Earnings Could Cause a Big Rally... or a Sell-Off

To view this email as a web page, go [here.]( [Roger Scott Newsletter] Published: January 23, 2023 [This Week’s Tech Earnings Could Cause a Big Rally… or a Sell-Off]( The major indexes moved higher to start the week as investors look toward a slew of earnings reports, economic data and the Federal Reserve’s next meeting and interest rate decision — and more in Monday’s stock market recap. This week the earnings season floodgates burst open, with a number of heavy hitters reporting. Johnson & Johnson and Verizon report before the bell Tuesday, with Microsoft reporting after the close. Wednesday brings reports from AT&T and Boeing before the open, with Tesla and IBM reporting after the close. And on Thursday we have Comcast, Southwest, American Airlines and JetBlue all reporting before the bell, with Intel ending the day with its report after the close. In terms of data, we have some big reports on the schedule ahead of the next Federal Open Market Committee meeting beginning on Tuesday, Jan. 31. We get durable goods orders, retail inventories, international trade in goods, jobless claims and gross domestic product on Thursday. Friday will bring information on personal income and outlays and consumer sentiment. Investors are keen to see how the economy is faring ahead of the FOMC meeting announcement on Wednesday, Feb. 1, where the Fed is expected to raise interest rates 0.25%, bringing rates into a target range of 4.5%-4.75%. In this morning’s stock market recap video, I’ll discuss whether put buyers or call buyers drove prices last week… which stocks to watch for earnings and how they’ll impact the market… whether bonds are ready for another short or need a bit more upside… which sector is grossly oversold and needs to rally… which sector is getting too strong for its own good in the short term… key levels on major indices you need to watch this week… plus the most likely scenario for the Dow and rest of the market! [But That’s Just the Beginning]( ________________________________________________________ Roger Scott 29+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders. ________________________________________________________ [2023 Is About to Get Bumpy]( Joy of the Trade’s Jeff Zananiri has some bold claims to his name… He helped his old hedge fund go 10 straight years without a single losing quarter… once bagged over $1 million in just 30 minutes for his old fund… and back in May 2022 in the peak of the housing crisis, Jeff let his readers know that his research was pointing to a 20%-30% drop in home prices. Sure enough, sales followed his call and dropped to the lowest levels since 2015. It’s safe to say he’s seen a lot of market mayhem throughout his career. And Jeff just uncovered a major “Financial Hurricane” set to hit in 2023… If you’re not prepared for the storm ahead, you could get whisked away. But Jeff has a game plan — a 90-day market mission to get traders out of the dust... And he’s revealing it LIVE at 2 p.m. ET on Tuesday, Jan. 24. [Unlock Your Battle Plan Before the Event Here]( ________________________________________________________ Stocks Are Breaking Down But Major Catalysts Are on the Way January 19, 2023 Investors fear the Federal Reserve might overtighten as it continues to raise interest rates, causing the major indexes to slide Thursday’s morning. [Continue Reading]( Nasdaq Rises on Netflix Earnings, Alphabet Layoffs January 20, 2023 The major indexes were up Friday morning, with the Nasdaq bouncing on reports from Netflix and Google parent company Alphabet. [Continue Reading]( [Roger Scott] A WealthPress Publication ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. 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