DP Trading Room: These Banks are Bullish Going Into Earnings
Earnings season is kicking off and Carl and Erin spotlight the banks that will be reporting on Friday. The setups aren't good for all of these banks, but some are set up nicely going into their earnings calls. Earnings are always tricky as good earnings can still result in losses, but the technicals suggest these banks are ready to run higher.
Carl gives us his view of the market in general as well as Bitcoin, the Dollar, Gold, Yields and Bonds among others. He also leads us into the earnings discussion with a review of his SPX earnings charts. Finally, he covers the Magnificent Seven stocks.
Erin starts off her portion of the show with a review of sector rotation with special emphasis on Financials. She shows us the "under the hood" chart for Regional Banks (KRE) which isn't set up as well as it needs to be going into earnings.
To end the show Erin looks at viewers symbol requests with an eye toward both the short and intermediate terms.
01:10 DecisionPoint Scoreboards
03:55 Market Overview
12:23 SPX Earnings Discussion
15:26 Magnificent Seven
18:07 Sector Rotation
23:47 Financials & Banks
31:05 Symbol Requests
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