🎥 Watch the video below for the full breakdown, then catch the highlights right here.
The government shutdown has dragged on, but markets haven’t stopped moving — and we’ve still got a few key companies reporting on Friday.
I’m taking a closeup look at four S&P 500 stocks reporting earnings on Friday, October 24th — and how their setups can guide your next trading decisions.
Here’s the Highlights:
1️⃣ Procter & Gamble (PG): Bearish Momentum Holds Steady
P&G has trended lower for months, consistently holding in the Bear Resistance Power Zone.
Even if you’re not shorting, that signal helps you avoid jumping in long too early.
Key takeaway: the downtrend remains intact until price breaks above the 160.00 resistance area.
When a stock maintains its momentum position between Bear Support and Bear Resistance, that’s often a sign of steady weakness rather than panic selling. Watching these RSI Power Zone ranges helps traders plan their timing instead of reacting emotionally.
2️⃣ General Dynamics (GD): Momentum Targets the Upside
GD has maintained strength in the Bull Support Power Zone since April, with multiple successful tests.
A recent peak near Bull Resistance gave way to a pullback — setting up a momentum-based upside target near 356.00.
This isn’t a forecast, but a calculated momentum projection using my Four Zones RSI Coverage System.
The beauty of this setup is that it blends time and price: even without a perfect retracement, the RSI Power Zones can give you early clues about where a move might extend. It’s a great example of layering momentum analysis with structure.
3️⃣ HCA Healthcare (HCA): Trend Intact, Waiting for Pullback
A clean, steady uptrend.
If we see a pullback that holds above October 14th support, that could be a great spot to add or re-enter long positions.
This is a mirror image of what just played out on GD — the same momentum math already fulfilled here.
When strong trends pause without breaking key support, it’s often just a resting phase before the next leg up. For traders looking to build positions rather than chase price, this kind of setup can be ideal.
4️⃣ Illinois Tool Works (ITW): Range-Bound and Reactive
ITW has been in a wide sideways range, oscillating between support and resistance zones.
After breaking its prior uptrend, the latest recovery looks fragile — watch for resistance at the Bear Resistance Power Zone to cap rallies.
If momentum stalls, it could set up another shorting opportunity.
This chart is a reminder that not every consolidation is accumulation — sometimes, it’s distribution in disguise. Staying patient until the RSI confirms direction keeps traders from forcing trades inside noise.
Broad Market Check: S&P 500 Futures (ES)
The E-mini S&P 500 continues to coil inside the range set by the October 10th tariff scare low.
I said in coaching sessions earlier this month that I expected a grind higher, and that’s exactly what we’ve seen.
The key level to watch is the October 10th high. A break above that would be the first sign the broad market is ready to lift off. Otherwise, expect more consolidation and choppy moves.
Until then, momentum remains range-bound, much like many of the individual stocks we’re tracking.
Join the Conversation
If you found value in this real-time chart review, “Like” the video on YouTube.
Drop your takeaways in the comments, and we’ll see how earnings season, the government shutdown, and everything else continue to unfold.
~Hima
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