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Market Note

Earnings Releases Dominate

Apr 22, 2019

It was a relatively flat week for the SP500 and Nasdaq 100 while the Dow 30 led and the Russell 2000 lagged. The Russell 2000 divergence requires close monitoring for market risk posturing and whether a market top is in.

Trends Remain Up, but some weaknesses are emerging in Health Care as an example.

Catalysts arelight in the form of Economic Releases and Conferences.

But, this is a big week for earnings releases.

The option implied move has edged higher to + / - 32 points or 9.4% Implied Volatility.

Updated 4-hour Levels.

All the best,


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