7 Earnings Reports to Watch this Week (Q1 2021 Earnings )
If you’re going to keep an eye on earnings for just one week this quarter, it should be this week.
With major indices once again at the highs heading into the peak of earnings season, it’s obviously a huge week for U.S. equities. Of course, we’ve seen this story before.
Here are 7 earnings reports to watch this week :
- Tesla
- Alphabet
- Microsoft
- Shopify
- Apple
- Amazon
While one should approach trading each stock individually, watching and trading the E-mini S&P futures can afford us with early indications and clues to how the broader equity markets will trade this week.
Looking at the Dow Jones Industrial Average
We have important Quarterly XOP resistance at 34594.45.
On the E-mini S&P futures :
ES Monthly chart
We closed last week below Q XOP (4178.25) after the volatility around Biden's proposed Capital Gains Tax ( which should not surprise most investors given we knew about this for more than a year now )
ES W
Weekly Trend Push still in play.
ES Daily
Weak dynamic pressure on the Daily.
Q XOP will be the market fulcrum for the ES this week.
ES240
Market structure still printing higher highs and high lows while we consolidate against Q XOP. 4178.25 will likely be the market fulcrum going into this week's trading.
If you are bullish US equities going into this week's earnings,
seeing the ES break above Q XOP (4178.25) should support that bias.
One should adopt a more cautionary tone if we see a strong reversal off from Q XOP
Developing a gameplan for Q1 earnings and combining that with multi-timeframe analysis of the E-mini S&P futures market ( powered by DiNapoli Tools) give us a significant advantage over the general market participants - this week at least.
Best of Trading,
Good luck!
Joseph AuXano
DiNapoli Trading Academy
P.S. I like TSLA, SHOP, Bitcoin around current levels. Here is why!
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Author
Joseph AuXano
Author
Joseph Auxano, is an active trader with more than 13 years of market trading experience. He obtained his degree in Finance from the University of Singapore. His passion for the markets started early. He was already actively involved with the stock markets before landing his first Job as a Trader at a Commodity Trading House in Singapore. His fascination for the markets continued to drive his search for the Holy Grail of Trading, and his research on Fibonacci Techniques. This led him to discovery of DiNapoli Levels in 2007. Since his training under the tutelage of Veteran Trader Joe DiNapoli, he has since developed as a Professional Trainer and a full-time trader. It was with DiNapoli techniques, that he discovered first hand the freedom that came with trading. He has traded the markets out from Toronto, Miami, Siesta Keys, Singapore, and is now trading the markets out of Bangkok Thailand. Joseph Auxano is an Authorized DiNapoli Expert, representing DiNapoli Levels Methodology in the USA, South America and around Asia. In 2019, with the help and approval of Joe DiNapoli, Joseph developed the DiNapoli Academy Online Course, with the goal of helping aspiring traders in their journey with Dinapoli Trading Techniques.
