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Intel stock plunges 21% as chipmaker blames PC slowdown for weak guidance: CNBC $INTC https://t.co/uUGReHYdL5
Amazon misses on earnings $AMZN Earnings per share: $1.89 vs. $1.96 estimated Revenue: $201.94 billion vs. $202.31 billion estimated https://t.co/QhnvVpEzBz
$MSFT Earnings per share: $4.89 adjusted vs. $4.73 expected Revenue: $92.28 billion vs. $90.69 billion expected https://t.co/DzIxYVQEWP
$GOOGL Earnings per share: $2.12. It is not immediately clear if the reported earnings are comparable to the LSEG analyst estimate of $3.02 Revenue: $127.58 billion vs. $128.22 billion https://t.co/8J8MY6qTpw
The stock market is waiting on the Fed interest rate decision, along with the $GOOGL and $MSFT earnings, to pick its next direction. This should be a huge pivotal market day.
A momentum indicator can fall while price moves sideways instead of down; sometimes momentum is resetting through time rather than price. Momentum can decline during sideways price action because the rate of change is slowing, not because price is falling. In consolidation, momentum often resets through time as the prior move loses speed, without requiring a price pullback. A falling indicator in this context is frequently just cooling off rather than a bearish signal.
Patience is a virtue in a choppy market. Wait for clear signals. Wait for closing confirmation. Wait for the best stocks to settle down. Wait for a confluence of technical indicators to agree.
This rally today is on low volume across most charts.
Hey @grok Build a trading system using technical entry and exit signals that beat buy and hold investors in $SPY in the long term. You can use any type of signals, position sizing parameters, and leverage (ETFs and options) you need.
