Earnings Preview

US Banks on deck beginning Friday

BAC 0.00%↑ Trading within a tight range. Watching for the earnings reaction relative to flattening 200 day (orange). No long below that level for me.

JPM 0.00%↑ Has been quite strong recently. Some bearish RSI divergence of late.

C 0.00%↑ has been swatted down on its last two attempts at the 200 day. Let’s see if three times is a charm.

WFC 0.00%↑ Just a ton of overhead supply as it’s hovering below both the 200 day and anchored vwap from its June low

Airlines

DAL 0.00%↑ is up ~13% already this year. Momentum will have to pick up (RSI) to get this one much higher on earnings. In the absence of that, it could be pullback/digestion time.