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Earnings season continues to unfold, and today I’m looking at S&P 500 companies that are reporting on Thursday, November 6.
🔍 Highlights
1️⃣ DuPont (DD): A huge gap lower already puts this in the “handle-with-care” bucket into earnings. Gaps often fill over time, but not necessarily right away — I want more evidence that any bounce is meaningful before I step in.
2️⃣ EPAM Systems (EPAM): Clean downtrend with the RSI Power Zones reinforcing weakness. If downside resumes, I’m watching for continuation toward 135.00 — and I’ll be reading the real body of each candle for telltale shifts before momentum confirms.
3️⃣ Moderna (MRNA): Recently held in the Bear Resistance Power Zone and approaching support anchored at the September 12 low. I don’t expect that support to hold; if sellers push through, we could see a fresh leg lower, confirmed by heavy closes within the real bodies.
4️⃣ Viatris (VTRS): Small consolidation pullback looks complete and price is attempting to resume higher. It’s a low-risk idea if your stop lives just below the October 27 low while you let a potential retracement of the prior decline play out.
5️⃣ Evergy (EVRG): Peaked in the Bull Resistance Power Zone and is pulling back toward Bull Support. Not a “reach in and buy” spot pre-earnings; I want a trough to form inside Bull Support (preferably while holding above the October 2 low) to frame a higher-probability entry.
6️⃣ Wynn Resorts (WYNN): Clear consolidation since the October 2 high, with the range defined against the August 8 low. A decisive break above the October 27 high would be my cue that a new up-move is underway; until then, treat it as range-bound.
7️⃣ Monster Beverage (MNST): Healthy pullback followed by a Bullish candlestick pattern. Pay attention to where the open and close are living within the candle — those inside-the-candle clues, layered with RSI Power Zones, support a case for further upside.
8️⃣ EOG Resources (EOG): Steady decline since early September is starting to lighten up. A defensive RSI Power Zones pattern is forming; a push back above the October 23 high would strengthen the recovery narrative.
9️⃣ Alliant Energy (LNT): Nice corrective pullback with momentum back in Bull Support. A move above the November 3 high would confirm resumption higher and open room to retest the October 21 peak and potentially extend.
No matter how noisy earnings get, be sure to look inside the price action candles to help optimize setups, and always trade according to your plan!
~Hima
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