Rocket Equities & Options Report 07-18-22
Monday Report - July 18th, 2022
Markets have consolidated for about 2 months at this price level, with the S&P sitting right at the .382 price level and the NQ sitting at the .500 level.
This morning we have a weaker dollar, with Gold benefiting but up by just $7 to $1710.
The 10 Year Note is negative 6 ticks at 118.15, with a yield of 2.96%.
The VIX is actually higher this morning, up $0.73 at $24.96 as of about 8:20 am ET, and that's with an S&P positive by 31 points or 0.80%. The S&P was about 15 points higher early in the morning. The VIX does not usually rise when you have a market coming into the open up almost 1%. This may be a ominous sign of things to come this week as we kick into earnings, with TSLA, NFLX, AXP, T, and many others reporting their numbers.
Notable earnings this week:
Tuesday after the close: NFLX
Wednesday after the close: TSLA
Thursday before the open: AAL, AN, DHI, DPZ, T, UAL
Thursday after the close: SAM, COF, MAT, SNAP
Friday before the open: AXP, HCA
MCD is trading at $255.01. We bought MCD at $216.91. MCD is again coming into an area of resistance right near $255. It needs some strength to break through this area to the upside. MCD has a dividend yield of 2.16% right now at this price level.
Stay tuned for updates as earnings season kicks off this week! Next week is the main event of earnings with AAPL, AMZN, GOOG, MSFT, and others reporting. We have an elevated VIX as we come into a period of potential continued volatility.
This morning we have a weaker dollar, with Gold benefiting but up by just $7 to $1710.
The 10 Year Note is negative 6 ticks at 118.15, with a yield of 2.96%.
The VIX is actually higher this morning, up $0.73 at $24.96 as of about 8:20 am ET, and that's with an S&P positive by 31 points or 0.80%. The S&P was about 15 points higher early in the morning. The VIX does not usually rise when you have a market coming into the open up almost 1%. This may be a ominous sign of things to come this week as we kick into earnings, with TSLA, NFLX, AXP, T, and many others reporting their numbers.
Notable earnings this week:
Tuesday after the close: NFLX
Wednesday after the close: TSLA
Thursday before the open: AAL, AN, DHI, DPZ, T, UAL
Thursday after the close: SAM, COF, MAT, SNAP
Friday before the open: AXP, HCA
MCD is trading at $255.01. We bought MCD at $216.91. MCD is again coming into an area of resistance right near $255. It needs some strength to break through this area to the upside. MCD has a dividend yield of 2.16% right now at this price level.
Stay tuned for updates as earnings season kicks off this week! Next week is the main event of earnings with AAPL, AMZN, GOOG, MSFT, and others reporting. We have an elevated VIX as we come into a period of potential continued volatility.
ES weekly
NQ weekly
VIX Weekly
10-Year Note monthly
10 Year Note weekly
Gold Weekly
Crude weekly
BTC Monthly
Back to when BTC Futures started trading in December of 2017 - wild it has been that long.
MCD Weekly
Options Trades:
None.
Equity portfolio:
Long half position in MCD at $216.91. MCD is trading at $255.01. Stop is $189.50.
None.
Equity portfolio:
Long half position in MCD at $216.91. MCD is trading at $255.01. Stop is $189.50.
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