Week 3 KC Trades

I hope everyone is having an amazing weekend! I have attached a weekly schedule, nothing out of the normal this week for me.

Economic Calendar this week we have Tuesday - PPI at 8:30am EST, Wednesday - CPI at 8:30am EST, Thursday - Jobless Claims, US Retail Sales, Import Price Index and Philadelphia Fed Manufacturing all at 8:30am EST, Business Inventories and Home Builder Confidence at 10am EST. There are also a few Fed Speakers this week as well.

A top watch for me this week is IWM. The monthly chart is sitting on the 9 EMA and the weekly is sitting on a up trend line currently around 215 area. The daily just hit 215.31 off the 200 EMA and I currently opened some call swings.

SPY and QQQ weekly have bearish engulfing candles. SPY weekly 21 EMA sits at 578.20 which was almost tested on the last session. This is big support and needs to hold to push higher. If this support breaks, in my opinion, I see a $10 drop next.

Top Earning Report this week are JPM, GS, BLK, C, WFC all on Wednesday. TSM, UNH, BAC, MS on Thursday. So a lot of Banks are reporting, should be interesting with IWM.