To The Moon

More than 300% gain from taking calls to swing META leading to earnings results. ⚠️ Trading tips: Looking at SPY calls above 454 and puts below 451.55 on Friday. 

Pay close attention to PCE data at 8:30am to watch the market reactions to confirm a reversal play or go with the bearish flow. Trade safe to enjoy the weekend.

Bearish engulfing candle detected

Wall Street is coming off a losing session. The Dow’s nearly 0.7% tumble marked the end of a 13-day win streak, a length not seen since 1987. The S&P 500 and Nasdaq Composite each finished around 0.6% lower.

Investors will watch for June data for the personal consumption expenditures price index, a gauge of inflation that’s closely followed by the Federal Reserve. Economists polled by Dow Jones expect that the core PCE gained 0.2% from the prior month and climbed 4.2% when compared with a year earlier.

The data is of particular interest after the central bank raised interest rates earlier this week in a widely expected move.

“We don’t have to love the Fed, but we know how they think,” said Jay Hatfield, CEO at Infrastructure Capital Advisors. “Given that most people think the Fed won’t increase again, if this PCE number comes in hot, then that’s going to shake that confidence. We think it’s going to print cool, but you never know until you know.”

Big brother is watching

These are some of the stocks making the biggest after-hour moves:

* Intel — The technology stock jumped 8% as investors cheered a return to profitability and better-than-expected guidance.

* Ford — The automaker slipped 1% after raising full-year guidance and beating expectations for the second quarter.

* Roku — The streamer added 8.5% following a better-than-expected quarterly report.

Thursday’s slide wasn’t enough to erase weekly gains — though they are marginal. With just Friday’s session left in the trading week, here’s where the three major indexes stand:

* The Dow is up 0.16%

* The S&P 500 is up 0.02%

* The Nasdaq Composite is up 0.12%.

META earnings gameplay rewarded

⚠️ Watch out for AAPL & AMZN earnings game plan coming up. Better to take them during the dip on Friday if opportunity arises.

Investors will monitor data on employment costs, personal income, consumer spending and consumer sentiment. Corporate earnings season continues with Procter & Gamble, expected to report before the bell on Friday.

@CaptainTiger @MillionaireTiger @TigerStars @Daily_Discussion @Andreana @Aqa @koolgal @KylerLee