The Long Investor
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$SPY TOP 20
🕑 Added 2025-04-30 19:34:16 +0000 UTCI think the market brushed off those weak economic numbers today fairly well but it could be a signal of what is ahead and that is what we should continue to plan for when the price tests the 50 WMA which is still above at $566.
Mega Caps report this week with $MSFT and $META in 30 minutes so this will be important, they have the power to influence the market
The Street will be particularly interested on hearing guidance and the Earnings Calls I believe, so it is important not to react to the initial move post earnings.
I think the market will need to see the 4 big Mega Caps reports this week in order to make a decision, so doing very little now is the right course.
For now, I continue to see a test of the 50 WMA as the next direction.
I am not buying into earnings but also not selling.
Comments
Labo
Great chart, beauty ..
Chase Roberts
Interesting to track the strong performers in tariff uncertainty. $LLY and $UBER pretty resilient
