Scott Redler’s Dog Bytes: A BIG Earnings Week

TSLA reports earnings after the close today. I'm not taking an options strategy into it. If it's a super solid report, it will need to get and stay above the $693-$700 area to open the door for higher prices. For now, see it holds $648ish.

AAPL has been acting special since it reclaimed the moving averages in the $127.50 area. There have been so many ways to create cash flow. Last week my strategy was to get long in the $144 area. It reports Tuesday. I'm in some stock and will look to add more. I also bought $150 calls.

MSFT has been above the 8/21 day since May, providing leadership. Last week it made a new high before many other names, hitting $289.99. I'd trim into strength because it feels like strong numbers are already priced in.

GOOGL has been riding the 8/21 day higher for months as dip buyers keep getting rewarded. On Friday, it hit a high of $2667. It's up this morning and I'd be looking to trim.

FB moved in sympathy with TWTR and SNAP. It reports Wednesday. A little digestion above $358 keeps it constructive. $375 is Friday's high to watch.

AMZN has been a grand slam and my macro call spread has been VERY profitable. I'm still in about a third of it which I will likely hold into earnings on Thursday. I might add another option strategy to get more exposure. Last week it cleared $3592 to hit $3666 Friday. The all-time high pivot is $3773. There is no real setup today, but it's showing relative strength.

Positions Disclosure as of 7/26/2021 at 7:51 a.m. ET