The Long Investor

$SPY TOP 20

Added 2025-04-30 19:34:16 +0000 UTC

I think the market brushed off those weak economic numbers today fairly well but it could be a signal of what is ahead and that is what we should continue to plan for when the price tests the 50 WMA which is still above at $566.

Mega Caps report this week with $MSFT and $META in 30 minutes so this will be important, they have the power to influence the market

The Street will be particularly interested on hearing guidance and the Earnings Calls I believe, so it is important not to react to the initial move post earnings.

I think the market will need to see the 4 big Mega Caps reports this week in order to make a decision, so doing very little now is the right course.

For now, I continue to see a test of the 50 WMA as the next direction.

I am not buying into earnings but also not selling.