Walmart Earnings Warning - Stk down in AftHrs (Patreon)

Hi Team

We had a good first week of earnings season but the second week - ie week we are in now could be nasty. This could bring about some nice opptys to buy. This is my plan and have been patient for quite some time while enjoying trading.  Spinach Hands in my opinion is the new Diamond Hands. 

I do believe this will be a fascinating week - and could yield some opps.  My plan is to sell some puts on beaten down names that have put in firm bottoms and maybe buy some long term calls also.  The earnings warning by Walmart will hit others like AMZN etc... so this combined with us moving into Aug and some telegraphing by the Fed could bring about some great buys. 

Note - I am seeing signs of markets saying "bottom is in" and folks are "nibbling" so once this goes mainstream it could bring about a nice rally.  If Fed pivots (after recession and walmart news they should) it is rocket boosters time. 

Big events happening this week. 

July 26: New home sales and earnings from Microsoft (MSFT), Alphabet (GOOGL), Visa (V), Coca-Cola (KO), McDonald’s (MCD), United Parcel Services (UPS), and 3M (MMM)

July 27: Durable goods orders, Pending home sales, FOMC interest rate decision and earnings from Meta (META), Qualcomm (QCOM), Rio Tinto (RIO), Boeing (BA), and Automatic Data Processing (ADP)

July 28: Gross domestic product (GDP) and earnings from Apple (AAPL), Amazon (AMZN), Mastercard (MA), Intel (INTC), and Caterpillar (CAT)

July 29: PCE Price Index and earnings from Exxon Mobil (XOM), Procter & Gamble (PG), and Chevron (CVX)

Aug 1: ISM Manufacturing PMI and earnings from Activision Blizzard (ATVI), Simon Property (SPG), Devon Energy (DVN), and Aflac (AFL)