Earnings Deluge Continues:
With most of the very visible mega-caps reports behind us, there are still some that will be heavily anticipated. TTD will release Monday morning, UPST before the open Tuesday, EBAY after the close on Wednesday, DIS ABNB, and DASH Thursday after the close as well. One that will garner plenty of attention is the chart below of COIN, which puts numbers out after the close Tuesday. It will probably not have the same debate that it did the first day it began to trade on 4/14 which recorded a huge reversal CLOSING nearly 100 handles off intraday highs that session. I seem to recall CNBC had the company on or chatted about for the entire 930-4pm timeframe. The last 3 days of last week rose by a combined 12%, with Thursday-Friday both being accompanied by greater than average daily volume. Friday did record a spinning top candle which intraday was above the bullish ascending triangle pivot. This name has the potential for a nice reaction come Wednesday.