TLV Report Issue 3
Bank earnings begin this week which might be a catalyst for S&P500 to make a move because we seem to be in limbo this week.
I am not optimistic from a technical perspective and given some of the HTM situation they all went through last year who really knows the condition. Many people expected worse and you hade some of the usual Twitter bozos yelling incessantly for a “credit event” last fall that never came.
There’s nothing in these bank names that interest me long or short - back in April of last year Schwab did after that debacle and that led to a nice +30% gain - which I laid out for everyone on this blog
And yet, here we are, 9 months later, no credit event to bank blow ups and with the SPY 0.00%↑ at ATH.
But this week I have some scenarios that could play out and if they do it sets up some long ideas for a few names.
Energy stocks are primed again - new longs will open up in there for me this week after waiting about 4 months for them to reset.
If you missed it I have my outlook in September to US World Report here - nothing has changed but technically some ready now.
The full report and video for this week is inside for members.