DJIA 0.31% 26,683 dow jones industrials

Listen up guys/gals

  1. 37,286 Posts.
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    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.
    https://hotcopper.com.au/data/attachments/4509/4509706-0cdef0c1900625adc517dfb769a71486.jpg




    Last edited by Marketscan: 16/07/22
 
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