Stocks Sell Off Before Earnings | Midday Market Minute | 4.25.22

Posted: April 25, 2022, 12:22 p.m.

Click Subscribe!! We Appreciate Our Followers!!

The equity markets' down move this morning was not a surprise to traders, as outlined in yesterday's Blue Line Special Report.

Thursday's selloff, combined with an outside bearish day on Friday were both strong signals. The S&P has a strong support level at 4200-4205, but this week will be dictated by the barrage of earnings arriving the next few days ($MSFT, $APPL, $AMZN, $FB).

Earnings Calendar and Support & Resistance levels are highlighted in our Morning Express Research

Crude Oil is back below $100, as China enters it's 4th week of lockdowns. The ECB's sanctions on Russian Crude is looking like they will be watered down a bit, but this does not change our long-term outlook on the black gold.

Gold and Silver are coming off going into the Fed Meeting next week, but the roll off of the June contract could bring fresh bulls into the market. 

Sign up for a 14-day, no-obligation free trial of our proprietary research with actionable ideas!
Free Trial Start Trading with Blue Line Futures Subscribe to our YouTube Channel
Email [email protected] or call 312-278-0500 with any questions -- our trade desk is here to help with anything on the board!

Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at [email protected] or call us at 312- 278-0500

Like this post? Share it below:

Back to Insights