Good morning everyone

Today is a huge day for earnings with 450 companies reporting.  After the close, we get a double whammy with 2 of the huge tech giants reporting.  AMZN and GOOG can have the power to move the market in either direction.  Options are suggesting that both companies have the potential of huge moves today.  If they both happen to be positive moves we could finally see resistance tested, on the other hand, if they were to both disappoint support cold be broken.  Al we can really do is watch, wait and hope for the best.

Next week is yet another big week of earnings reports so the drama of earnings is far from over.  Speaking of drama, with only 13 days left to the election we can expect the candidates to do and say almost anything to get a vote.  That, of course, can and will likely continue to be the driving force keeping the market range bound and choppy.  Personally, I see this election as a national embarrassment.  No matter who wins we all lose.  How the market will react is anyone’s guess but It will react with some sort of knee jerk reaction.  Keep that in mind as you plan your portfolio holdings over the next couple weeks.

Trade Wisely,

Doug

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