Stocks closed in the green on Friday, a trend we saw throughout the quarter. That said, the S&P 500 had its best quarterly return in a decade.

Furthermore, the Russell 2000 posted its best quarterly results since 2011.

Despite the impressive start, it’s going to be hard for stocks to replicate last quarter, given a stronger dollar, weaker corporate earnings and a softer outlook on the economy.

However, I’m indifferent about where we go next. I like to study economic data and other market internals as a tool to gauge sentiment.

Furthermore, I use my money pattern to help find select stocks and ETFs to trade options.

Like this beauty in Alibaba yesterday:

(Weekly Money Multiplier is running its greatest promotion ever, one we may never see again, click here to take advantage now)

I’ve been able to pull out triple-digit winners despite it being one of the choppiest trading weeks of the year. And so have WMM clients:

B.B.: Took the day trade with Jeff on BABA!! Whoo Hoo! You guys are awesome.

Y.D.: @brandy did you make upwards of 200% on it too?

B.B: @Yuri i got out a little early only made 185% haha!

With Nathan Bear now part of WMM, I’m looking forward to delivering more winners like this BABA trade too you.

But it starts with preparation…that said, read on for my thoughts on the upcoming quarter, the economics and earnings calendar… and so much more.

Your Jump on the Week – Earnings Season Approaching

In my interview with Trish Regan, I noted the market will probably bounce… despite seeing its first taste of volatility in quite some time.

Again, stocks ended the quarter strong. The S&P 500 Index posted its best quarterly return in a decade… and Russell 2000 Index had its best quarter in nearly a decade.

Why did I think the market was going to bounce and end the quarter strong?

Well, we haven’t really seen weak earnings… and the Federal Open Market Committee has been pretty dovish – indicating there would be no rate hikes this year. U.S. – China trade talks have been positive. That said, the macros pointed to a strong market.

Not only that, the market was in no-man’s land… trading between a tight range.

If you can see, SPY as tested the green line (200-hourly simple moving average (SMA)) before and ran higher after.

Not only that, the blue line (13-hourly SMA) looked to cross over the red line (30-hourly SMA)… signaling there could be bullish price action very soon.

Now, the SPDR S&P 500 ETF (SPY) closed above $282, a level I’ve been watching for a while.

What sparked this move though?

Well, White House economic advisor Larry Kudlow is putting some pressure on the Federal Reserve. Kudlow stated he wanted the Fed to cut interest rates by 50 basis points, or half a percent.

Now, there are a slew of economic indicators and I’ll be focused on: Retail Sales, Durable Goods Orders, Weekly Jobless Claims this week, as well as the Jobs numbers on Friday. These economic indicators will give me clues to the direction of the market… letting me know if this is a fake out break out, and the market drops… or if we continue higher from these levels.

Earnings Season

Before we get into the economic and earnings calendar… there’s something I want to talk about… and that’s earnings season.

Traders love earnings season because there’s a lot of volatility, and they can catch big moves. Now, earnings seasons is when a large number of companies release their quarterly earnings reports.

There are four earnings seasons a year, which occur in mid-January, April, July and October. That said, we’re about to see a lot of earnings soon, and we’ll be ready to trade earnings stocks after they release their quarterly reports.

This could potentially push the market back down… but that doesn’t affect traders at Weekly Money Multiplier because our strategies have been proven in all market types.

That said, we’re probably going to have more 100%+ winners with all the opportunities in the coming weeks.

That said, let’s look at what’s on the docket this week. Keep in mind, we’ve got a relatively light earnings calendar this week… but next week is when earnings really start to pour in.

Monday April 1, 2019

Economic Calendar

• 8:30 AM EST                   Retail Sales
• 9:45 AM EST                   Markit US Manufacturing PMI
• 10:00 AM EST                 ISM Manufacturing
• 10:00 AM EST                 Construction Spending
• 10:00 AM EST                 Business Inventories

Earnings Calendar

Earnings Before the Open

• Cal-Maine Foods Inc (CALM) implying 5.36% move. Historical average move 9.28%.

Earnings After the Close

• Eastman Kodak (KODK) implying 16.77% move. Historical average move 15.83%.

Tuesday April 2, 2019

Economic Calendar

• 7:45 AM EST                   ICSC Weekly Retail Sales
• 8:30 AM EST                   Durable Goods Orders
• 4:30 PM EST                   API Weekly Inventory Data

Earnings Calendar

Earnings Before the Open

• AngioDynamics (ANGO) implying 9.18% move (monthly contracts expiring in April). Historical average move 11.59%.
• Lamb Weston Holdings (LW) implying 6.49% move (monthly contracts expiring in April). Historical average move 6.19%.
• Walgreens Boots Alliance (WBA) implying 4.73% move. Historical average move 5.39%.

Earnings After the Close

• Dave & Buster’s Entertainment (PLAY) implying 9.95% move. Historical average move 9.51%.
• Gamestop Corp. (GME) implying 10.01%. Historical average move 11.05%.

Other Key Events

• Monthly Auto Sales

Wednesday April 3, 2019

Economic Calendar

• 7:00 AM EST                   MBA Mortgage Applications Data
• 8:15 AM EST                   ADP Employment Change
• 8:30 AM EST                   Fed’s Bostic speaks at American Banker Association
• 9:45 AM EST                   Markit US Services and Composite PMI
• 10:00 AM EST                 ISM Non-Manufacturing Index
• 10:30 AM EST                 Weekly DOE Inventory Data
• 5:00 PM EST                   Fed’s Kashkari speaks in North Dakota

Earnings Calendar

Earnings Before the Open

• Acuity Brands Inc (AYI) implying 9.12% (monthly contracts expiring in April). Historical average move 12.93%.
• Signet Jewelers (SIG) implying 15.89%, historical average move 21.44%.

Earnings After the Close

• No notable earnings.

Thursday April 4, 2019

Economic Calendar

• 7:45 AM EST                   Challenger Job Cuts YoY
• 8:30 AM EST                   Weekly Jobless Claims
• 8:30 AM EST                   Continuing Claims
• 10:30 AM EST                 Weekly EIA Natural Gas Inventory Data
• 1:00 PM EST                   Fed’s Mester speaks at Banking Conference

Earnings Calendar

Earnings Before the Open

• Constellation Brands (STZ) implying 6.17% move. Historical average move 7.09%.

Earnings After the Close

• No notable earnings

Friday April 5, 2019

Economic Calendar

• 8:30 AM EST                   Change in Nonfarm Payrolls
• 8:30 AM EST                   Change in Private Payrolls
• 8:30 AM EST                   Change in Manufacturing Payrolls
• 8:30 AM EST                   Unemployment Rate
• 8:30 AM EST                   Average Hourly Earnings
• 1:00 PM EST                   Baker Hughes Weekly Rig Count
• 3:00 PM EST                   Consumer Credit

Earnings Calendar

Earnings Before the Open

• Greenbrier Companies (GBX) implying 10.56% (monthly contract expiring in April). Historical average move 8.9%.

That said, I will be with you throughout the week, talking stocks, options, and strategy. There is a lot to be excited about as we approach a new quarter.

Nathan Bear has joined WMM, so there are more strategies that we’ll be exposed too…which will lead to more opportunities for all of us. For example,  his recent alert in UBNT.

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