Next week is a huge week for earnings
The S&P index is trading at a new session high at 4184.97. That is up about 1.2% or 50 points on the day. The NASDAQ index is also soaring. It is currently up over 200 points or 1.49%.
Looking at the hourly chart of the S&P index, the price is approaching the all-time high near 4191.30. That comes after yesterday's fall on the back of the capital gains hike news, stalled right at the 100 hour moving average (blue line) currently at 4130.8. Holding that moving average kept the buyers firmly in control. The price also remains above a swing low floor around 4118.4 level. The price today also moved above its 50 hour MA at 4158.3. Stay above going forward keeps the buyers firmly in control.
The index movements the high comes ahead of a pretty important earnings week ahead.
Next week, the list of big names reporting includes:
Monday, April 26:
- Tesla
Tuesday, April 27
- 3M
- Alphabet,
- AMD
- Starbuck
- Texas Instruments
- Microsoft
- Stryker
- GE
- Piinterest
- Corning
Wednesday, April 28
- Apple
- Qualcomm
- eBay
- ADP
- Sirius XM
- Boeing
- Yum Brands
- Ford
- General Dynamics
- Spotify
- ServiceNow
- Shopify
Thursday, April 29
- Amazon
- Altria
- Bristol-Myers Squibb
- Gilead
- Kraft Heinz
- Cirrus Logic
- Caterpillar
- Northrop Grumman
- Nio
Friday, April 30
- Phillips 66
- Exxon Mobil
- Colgate-Palmolive
- Chevron
