Trading Journal for 2/7
6:27AM: SPX futures are flat at 6110:
The SPX closed up 0.36% at 6083 yesterday. NVDA closed up 3.08%. PLTR closed up 9.79%, continuing its post-earnings rally.
AMZN is gapping down 2.6% after reporting earnings. They beat expectations on revenue and income but gave weak guidance. They are also increasing capital expenditures to $100 billion.
ELF is gapping down 25% after reporting earnings. They beat expectations on revenue but fell short on income. They also gave weak guidance, citing a market slowdown.
I don’t see any good gappers this morning.
6:41AM: There’s a jobs report this morning. It looks like job growth was slower than expected but wage growth was faster than expected.
6:50AM: There’s news that TSLA’s sales in China are declining.