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4/23/23 – Sunday Stock Talk Write Up

What does the market have in store for us this upcoming week? What are the important support & resistance levels to be aware of? Read the Sunday Stock Talk Write Up to find out.
Well it has been quite some time since we wrote out a Sunday Stock Talk. I’m giving it my best shot to see if this market will finally break out of the weekly range and changing it up a little bit. We are now going into our 4th week of the tightest weekly range we have seen in quite some time. The earnings reports from last week didn’t really seem to budge us much even with $GS $NFLX & $TSLA all getting gaps lower we just stayed completely sideways after the strength early on in the week.

Emotions are running at highs right now while most traders patience has been completely drained along with most likely some of their trading account. If you did get smacked around a little bit last week expecting the market to break out of the range then the goal for this week is to be patient, and IF it is going to break out then let it do so and get confirmation first. Protecting mental capital along with trading capital is of the utmost importance this week. A missed trade here or there is likely going to happen, but that can’t set you out on a revenge mission.


As for earnings we do have a couple of good names on the board for this week like $MSFT $GOOGL $CMG $BA $META $ROKU $CAT $AMZN and a couple of others sprinkled in there as well.


While the calendar is fairly full, and I’d like to think that we see some back to back days with A+ trades I’m also mentally prepared for us to have only 1 or 2 A+ setups on the week, and I’m ok with just catching one of them. I was planning to do a Youtube video this week, and do some chart work and prepare some levels for all of these names, but I’ve slowly been losing my voice each day, so going to give it some time to rest.


Let’s all have a great week, and if we don’t take a trade that is better than forcing a trade.


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