Earnings, New Home Sales and Geo Political Situation + Futures Trading Levels for Oct. 24th - Support & Resistance Levels

Support & Resistance Levels

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Earnings, New Home Sales and Geo Political Situation + Futures Trading Levels for Oct. 24th

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The Week Ahead: Earnings, ECB rate Decision, GeoPolitical

By Senior Broker, John Thorpe

The Week ahead barring any new geopolitical tensions as we remain vigilant scanning the actions of many political leaders throughout the globe as genuflection = volatility. Chest thumping aside, Wednesday’s important number is New Home sales.

As for the most anticipated earning reports this week the following is from Barron’s:

In terms of the most anticipated names, here is the calendar for the week:

MSFT

0.99%

(ticker: MSFT), Google-parent Alphabet

GOOGL

0.97%

(GOOGL), Snap (SNAP) and Texas Instruments (TXN) report September quarter numbers.

  • Wednesday: Meta Platforms (META) and IBM (IBM)
  • Thursday: Amazon.com (AMZN) and Intel

INTC

-3.81%

(INTC)

Out of that list, the fastest year-over-year revenue growth, according to analyst forecasts, is slated to come from Meta

META

1.95%

, at 21%, and Amazon

AMZN

1.38%

, at 11%. On the other side of the list are Texas Instruments and Intel, with their revenue forecast to decline 13% and 12%, respectively.

Plan your trade and trade your plan.

Existing Home sales released at 9am CDT are expected to report Year over year sales greater than -16%

Watch your blindside and expect more volatility! Plan your trade and trade your plan.

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

10-24-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

 

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Economic Reports, Source: 

Forexfactory.com

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

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