Good morning, everyone, and welcome to this Friday morning. Today, our focus is on the earnings of US banks, and unfortunately, the market seems to be reacting negatively to the earnings reports we've received so far.
Yesterday, there was a significant turnaround in the market, largely influenced by the actions of Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA).
Considering that the VIX is still indicating a daily and weekly buy signal, it's uncertain how much further these stocks can rise in the near term.
A brief glance at some of the weekly charts reveals that there hasn't been any substantial long-term damage this week, and we don't anticipate significant long-term capital exiting the market next week.
Wishing you all a fantastic weekend.
This content was originally posted on the Stock Market Timing YouTube Channel