Here's what investors need to keep an eye on in the coming weeks.
Real Money's Stephen "Sarge" Guilfoyle guest-starred in this week's episode of Trading Strategies.
Guilfoyle weighed in on Netflix's earnings, Tesla's job cuts and what he's looking at in the trade talks.
One major thing he thinks investors should be aware of?
"Well, don't forget the Lunar New Year is February 5th. So there is going to be some pressure to put some positive headlines ahead of the Chinese holiday, which is a big deal over there," said Guildfoyle. "I do believe that at the vice ministerial level, you will probably make a concerted effort to say something positive next week and setup set up something ahead of March 1st. And let's face it, it's a headline driven game. Look at the S&P 500 right now the 50 percent retracement on the October highs through the December lows was 26 44 and that was stiff resistance yesterday. Friday, we blew right through it. I was on a slew of really poor earnings by a lot of headline companies and some positive momentum based on these rumors that were already denied."
Want more of Guilfoyle?
- Being Short Netflix Going Into Earnings Was Stressful!
- I Think I'll Buy Some Tesla Today, but No, I'm Not Crazy
- A Number of Things About Netflix Earnings Have Left Me Wondering: Market Recon