Breaking News

What's Next for Indexes as Microsoft, Alphabet, Amazon and Meta Report Earnings?

By Jason SenStock MarketsOct 23, 2023 02:28AM ET

www.investing.com/analysis/whats-next-for-indexes-as-microsoft-alphabet-amazon-and-meta-report-earnings-200642945

What's Next for Indexes as Microsoft, Alphabet, Amazon and Meta Report Earnings?

By Jason Sen | Oct 23, 2023 02:28AM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

1YMH24

+0.35%

Add to/Remove from Watchlist

NQH24

+0.36%

Add to/Remove from Watchlist

ESH24

+0.42%

Add to/Remove from Watchlist

Emini S&P December futures collapsed to my targets of 4375/4365 and 4340/35. Then the break below 4335 hit my targets of 4300/4290 and 4270/65.

Support at 4260/50 held but with no bounce or indication that a low has been reached and a close right at the low of the day and the week, it looks like we will continue lower to test extremely important support at 4220/4200. This will make or break the market going into year-end.

I would try along. It is worth the risk despite the downside momentum.

However, we want to reverse into a short on a break lower which can target 4130/20 (just to start with). Longs at 4220/4200 could see a good profit if the level holds, initially targeting 4285/95.

Emini S&P-4-Hr Chart

Emini S&P-4-Hr Chart

Nasdaq December futures shorts at 15300/350 worked perfectly, at last, we hit my targets of 15050/15000 and 14830/800 and as stated on Friday, eventually we could fall as far as the lower trend line support of the 3-month triangle pattern at 14600.

We got pretty close on Friday. A break below 14500 will be an important sell signal suggesting a breakout of the 4-month triangle pattern. However, a bounce from 14600/550 however can target 14650 and 14750, and even 14900 is possible.

Nasdaq Futures-4-Hr Chart

Nasdaq Futures-4-Hr Chart

Emini Dow Jones December shorts at resistance at 33930/970 worked perfectly with a high for the day exactly here before we collapsed to hit targets of 33700/650 & 33600.

On Friday we wrote: Further losses are likely & target 33350/300 for profit taking before the weekend.

All targets hit as we approach the October low at 33070/020. Obviously, a break below 32990 suggests further losses towards 32750/700. A bounce meets resistance at 33500/560 & shorts need stops above 33630.

Dow Jones Futures-4-Hr Chart

Dow Jones Futures-4-Hr Chart

Related Articles

GM Gets Some Love: Street Calls of the Week By Garrett Cook - Dec 10, 2023

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for GM and First Solar and downgrades for Albemarle, PayPal, and Take-Two...

1 Stock to Buy, 1 Stock to Sell This Week: Costco, ExxonMobil By Jesse Cohen - Dec 10, 2023 2

Fed meeting, CPI inflation, and retail sales will be in focus this week. Costco stock is a buy with Q3 earnings, guidance beat on deck. ExxonMobil shares are a sell amid ongoing...

3 Crypto Stocks That Could Rise With Bitcoin’s Rally By Timothy Fries - Dec 08, 2023

Bitcoin doesn't have earnings, but these companies benefit from its rise. After breaching the $40,000 resistance on December 3rd, Bitcoin (BTC) is up 25% over the month, now...

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

Write your thoughts here

Are you sure you want to delete this chart?

Post also to:

Replace the attached chart with a new chart ?

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
		</div>
    </div>
			</div>
			<div id="show-more-comments">
				<a class="showMoreComments block">
					<span class="arial_12 showArrowafter">Show more comments (<span class="js-amount"></span>)</span>
				</a>
			</div>
			<div id="show-more-replies">
				<a class="showMoreReplies block">
					<span class="arial_12 showArrowafter">Show more replies (<span class="js-amount"></span>)</span>
				</a>
			</div>

Are you sure you want to delete this chart?

Replace the attached chart with a new chart ?

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

More Categories

1D1W1M6M1Y5YMax

	US 30	36,242.0	+124.6	+0.35%
	US 500	4,603.2	+17.6	+0.38%
	Dow Jones	36,247.87	+130.49	+0.36%
	S&P 500	4,604.37	+18.78	+0.41%
	Nasdaq	14,403.97	+63.98	+0.45%
	S&P 500 VIX	12.35	0.00	0.00%
	Dollar Index	103.633	+0.461	+0.45%

	Crude Oil WTI	71.26	+1.92	+2.77%
	Brent Oil	75.65	+1.60	+2.16%
	Natural Gas	2.552	-0.033	-1.28%
	Gold	2,020.80	-25.60	-1.25%
	Silver	23.290	-0.769	-3.20%
	Copper	3.8340	+0.0365	+0.96%
	US Soybeans	1,306.25	-4.75	-0.36%

	U.S. 10Y	4.229	+0.100	+2.43%
	U.S. 30Y	4.308	+-0.018	+-0.41%
	U.S. 5Y	4.243	+-0.012	+-0.29%
	U.S. 3M	5.393	-0.005	-0.09%
	US 10Y T-Note	110.38	-0.78	-0.70%
	Euro Bund	134.67	-0.77	-0.57%
	10-2 Yield Spread	-49.53	-4.85	10.86%

	Apple	195.71	+1.44	+0.74%
	Alphabet A	134.99	-1.94	-1.42%
	Tesla	243.84	+1.20	+0.49%
	Amazon.com	147.42	+0.54	+0.37%
	Netflix	453.76	+1.76	+0.39%
	Meta Platforms	332.75	+6.16	+1.89%
	Bank of America	30.96	+0.30	+0.98%

Most Popular Articles

5 big analyst AI moves: Chipmakers in focus once again By Investing.com - Dec 10, 2023 2

This week in EVs: Tesla's trouble abroad | Pro Recap By Investing.com - Dec 10, 2023 6

Israeli tanks reach centre of Khan Younis in new storm of southern... By Reuters - Dec 10, 2023 4

University of Pennsylvania president resigns after antisemitism... By Reuters - Dec 10, 2023 14

6 big dividends & buybacks this week: Mastercard hikes by 15.8%,... By Investing.com - Dec 09, 2023 3

NFP Preview: 'Good News Is Bad News' May Not Work This Time By Michael Kramer - Dec 08, 2023 11

1 Stock to Buy, 1 Stock to Sell This Week: Costco, ExxonMobil By Jesse Cohen - Dec 10, 2023 2

Markets Brace for Pivotal Week Amid CPI Inflation, Fed Meeting By Jesse Cohen - Dec 08, 2023 5

S&P 500, Nasdaq, Russell 2000 Regain Bullish Momentum Ahead of... By Declan Fallon - Dec 08, 2023 7

USD/JPY Rally Driven by Global Macro Fundamentals, Not BoJ Hawkishness By Alfonso Peccatiello - Dec 08, 2023 7

Central Banks Rates

	Central Banks		Interest Rates	Next Meeting
		FED	5.50%	Dec 13, 2023
		ECB	4.50%	Dec 14, 2023
		BOE	5.25%	Dec 14, 2023
		SNB	1.75%	Dec 14, 2023
		RBA	4.35%	Jan 02, 2024
		BOC	5.00%	Jan 24, 2024
		RBNZ	5.50%	Feb 28, 2024
		BOJ	-0.10%	Dec 19, 2023
		CBR	15.00%	Dec 15, 2023
		RBI	6.50%	Feb 08, 2024
		PBOC	3.45%
		BCB	12.25%	Dec 13, 2023