Friday, April 12, 2024

Good morning, everyone, and welcome to this Friday morning. Today, our focus is on the earnings of US banks, and unfortunately, the market seems to be reacting negatively to the earnings reports we've received so far.

Yesterday, there was a significant turnaround in the market, largely influenced by the actions of Apple and Nvidia.

Considering that the VIX is still indicating a daily and weekly buy signal, it's uncertain how much further these stocks can rise in the near term.

A brief glance at some of the weekly charts reveals that there hasn't been any substantial long-term damage this week, and we don't anticipate significant long-term capital exiting the market next week.

Wishing you all a fantastic weekend.

Please share with friends and family.

Morning Market Outlook

Stephen Whiteside

TheUpTrend.com

Still Not Using Our Proprietary Charts?

Get Started Today.

TheUpTrend Daily Update - Monthly

$ 29.95 USD monthly after a 21-day free trial

Click Here To Subscribe

TheUpTrend Daily Update - Yearly

$ 299.95 USD yearly after a 21-day free trial

Click Here To Subscribe