Monday, July 23, 2018

A slow day for stocks until after the closing bell when Alphabet Inc (GOOGL) reported blow out numbers. Alphabet Inc shot sharply higher along with many other stocks in afterhours trading. With roughly 35% of S&P 500 companies set to report this week, we are off to a promising start with the index charts below poised for more bullish behavior.

Alphabet Inc and Facebook have both shrugged off bad news with surprising strength. With all this bullish sentiment in the air, it's a good time to review my 10 Golden Rules and Trading Tips to be ready for any further surprises.

Letís take a look at those charts of the S&P 500 and the ETF for the Russell 2000 Index fund (IWM).

Now on to our stocks.

Most Chinese stocks continue to correct and are choppy, but letís review a few that have fared better than most.

I will see you tomorrow and Wednesday in my chat room and back here Wednesday night.

Daniel J. Zanger