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Marketscan, I am an avid follower. Your posts are always welcome...

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strike101

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16/07/22

09:59

Post #: 62565290
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Originally posted by Marketscan: ↑

Hi guys/gals

1/4 Dow30 stocks report quarterly results next week.

S&P 500, 60stocks report next week.

It's highly unlikely that we'll see good news, major problem has been energy prices.

energy prices effectively put pressure on every company ie: transport of goods to retailers, retailers pass costs onto consumer.

plus the biggie, petrol prices have increased over past few quarters. I believe we'll see petrol at USD$150bbl. None of the OPEC countries will increase production.

hence freezing water will be tipped over quarterly results.

as you know I use Conditional Trading Platform max your profits, decrease your losses.
if there was a positive we would have seen good jump during past Quarter. It didn't happen.

Dow 30.

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Marketscan, I am an avid follower. Your posts are always welcome and your analysis more than sound. Thanks

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