Earnings season is upon us and the first week did not disappoint.  JPM had everyone’s attention Friday for fear it would reinforce weakness concerns and embolden the bears.  However, the opposite happened.  JPM reported a great quarter and finished the day up 4.7%.  We collectively sighed in relief and the economy moves on.

Strong Initial Jobless Claims added to the market confidence, but are we approaching full employment?  Gotta see those wages go up to believe that is the case.

United States Initial Jobless Claims

Few Nice Daily Long Swing Charts

CIEN is nice and clean.  Seems a break of $40 is coming.

CIEN Daily

GLW – Interesting long-term chart

GLW Daily

WM – Always one of my favorites. WM was bought up on Thursday and added more on Friday.  I like it.

WM Daily

CTAS – I’ve traded this many times.  As long as the economy is strong and hiring, this company will do well.

CTAS Daily

AYX – It’s just an animal. I would prefer an SMA50 entry, however.

AYX Daily

AMT – they build those towers

AMT Daily

CSX – I’m a fan of quick retest of double tops.

CSX Daily