The S&P is now up more than 5% from the lows it had last Tuesday when President Trump tweeted that stimulus talks were over, and the Index is now up almost 10% from the lows it made at 3,198 on September 24th. 3,551 is the projected AB=CD of this most recent run, which gets the Index within about 1% of all-time highs.

Gold had a nice bounce last week and has continued to trade higher after hitting its .382 retracement level.

Disney has now traded back above its gap of $123.37. We will look for Disney to get back inside its uptrend channel. Disney continue to struggle in the short term, having to push back movie releases and survive with decreased capacity at their parks, but we remain very bullish of their long term prospects with direct to consumer Disney+, Hulu, and ESPN+ products.

Constellation traded up nicely last week. They were helped by the bump CGC and all cannabis stocks got from the VP debate when Kamala Harris talked about decriminalizing marijuana. STZ is now well above it's gap from July 1st. We will look for STZ to get back inside its uptrend channels. This could be the beginning of the run for cannabis stocks.

Uber once again traded up to its recent highs and has trailed off a bit this morning. We want to see it trade above the recent highs with volume. Uber announced they will report earnings November 5th.

The banks kick off earnings this week. Stay tuned for updates as the week progresses.

Earnings this week on our radar:

Tuesday: JPMorgan Chase (JPM), BlackRock (BLK), Johnson & Johnson (JNJ), Fastenal (FAST), Delta Airlines (DAL), Citigroup (C) before market open

Wednesday: Bank of America (BAC), PNC Financial Services Group (PNC), The Progressive Corp. (PGR), UnitedHealth Group (UNH), US Bancorp (USB), Goldman Sachs (GS), Wells Fargo (WFC) before market open; Alcoa (AA), United Airlines (UAL) after market close

Thursday: Charles Schwab (SCHW), Walgreens Boots Alliance (WBA), Morgan Stanley (MS) before market open

Friday: Bank of New York Mellon (BK), VF Corp (VFC), E-Trade Financial Corp (ETFC), Schlumberger (SLB), Kansas City Southern (KSU), Honeywell (HON), Citizens Financial Group (CFG), Ally Financial (ALLY), State Street Corp (STT)

Options Trades:
None

Short Term portfolio:
None

Long Term portfolio:
Long half a position in DIS at $118.63. Disney is trading at $125.48. Stop is $98.45.
Long half position in UBER at $31.50 or better. Uber is trading at $36.78. Stop is $26.24.
Long half position in STZ at $180.50. STZ is trading at $188.89. Stop is $164.05.

Timer Digest Signals: S&P: Bearish Gold: Bullish Bonds: Bullish