CPI and PPI Week! Was Last Week's Sell Off Enough or Is There More To Come? Prepare For The Busy Upcoming Week With MandoTrading !
Portfolio Pulse from Mando Trading
The article discusses the potential impact of the upcoming CPI and PPI data on the market, with a focus on several stocks and cryptocurrencies. The author mentions a bearish outlook for ES and NQ, while DXY is expected to see a bearish imbalance. The author also anticipates a bullish move for BTC. The stocks mentioned include SPY, AAPL, GOOGL, and AMZN, with the author suggesting potential retracements for these stocks following recent sell-offs.
August 07, 2023 | 4:17 pm
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NEUTRAL IMPACT
AAPL experienced a significant drop following its earnings report. The author suggests that even a retracement can move the stock quite a bit due to the large range created on Friday.
The author suggests that AAPL experienced a significant drop following its earnings report. Even a retracement could potentially move the stock quite a bit due to the large range created on Friday. This could impact the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
AMZN experienced a massive earnings move on Thursday. The author suggests that a retracement into discount doesn't seem crazy, but the market will need AMZN to hold up if a bounce is expected.
The author suggests that AMZN experienced a massive earnings move on Thursday. A retracement into discount is possible, but the market will need AMZN to hold up if a bounce is expected. This could potentially impact the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
GOOGL held up despite most companies getting crushed on Friday. The author suggests that 123-125 is a must-defend territory for the bulls.
The author suggests that GOOGL held up despite most companies getting crushed on Friday. The 123-125 range is suggested as a must-defend territory for the bulls. This could potentially impact the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
SPY found support following a massive sell-off. The author expects a retracement due to the large range set with Friday's sell-off.
The author suggests that SPY has found support after a significant sell-off and expects a retracement due to the large range set with the sell-off. This could potentially impact the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80