Flat trading days expected before major earnings

U.S stock market futures traded flat before another batch of corporate earnings this week. DJIA futures up 11 points currently, Spotify (NASDAQ: SPOT) and Restaurant Brands (NYSE: QSR) will report earnings before market open. Alphabet (NASDAQ: GOOG) and Western Digital (NASDAQ: WDC) will report earnings after market close

On the commodities front, crude oil extends its decline this week, down $0.32 (-0.51%) to $62.98.

Asian & European Stock market

Asian stock market mostly lower today. Japan stock market closed for the golden week holiday, China Shanghai Composite down 23.90 points (-0.77%) to 3,062.50, and Australia ASX 200 down 26.10 points (-0.41%) to 6,359.50. European stock market mostly lower. DAX Germany down 0.22%, UK FTSE down 0.23%, Euro STOXX600 down 0.30%.

Technical Analysis

Dow Jones Industrial Average (INDU)

Not much change happened in the previous week trading. DJIA closed at the middle of 26,000 and 27,000 once again and getting ready to continue its upward trend. Strong GDP number at the end of the week is the catalyst of the current bullish movement. However, the growing situation on U.S-China trade talk and the development of a possible trade war between the U.S and Europe might change the overall trend depend on how the event proceeds.

Campbell Soup (CPB)

CPB situation slowly developed into a bullish trend after the share prices crossed above SMA 200 and maintain the level above it. The share prices bounced from SMA 200 retest on Friday which is an initial indication the bullish trend will continue. If the bounce continues then $40.00 is the first resistance level to watch.

World Wrestling Entertainment (WWE)

WWE dived on earnings miss, down almost 20% from the top which might provide traders with buying opportunity. The share prices currently testing the daily SMA 200. If strong bounce happens then traders could enter long positions. However, a close below the SMA 200 is the signal to bail from WWE and wait for a better setup.