C:
(click on the chart to get an enlarged view)
It is due to report on Monday before the market open. The market is pricing it to move to possibly 48 on the upside and 46 to the downside. This price range is close to a support/resistance level as depicted on the daily chart.
GS:
It is due to report along with JPM before the market open on Tuesday. Market is pricing in GS to move approximately +/- 4.90 that implies it could move up to near 170 or down to 160, where 170 has been a resistance.
JPM:
JPM is due to report on Tuesday as well, and the market has priced in a move to approximately 57 or 54.50. These levels are also near a support/resistance level.
BAC:
On Wednesday before the market open, BAC is scheduled to report its earnings. The market has priced in a move to approximately 15.90 or 14.80, essentially filling either one of the price gap.
MS:
To cap off the week, MS is due to report on Thursday and the market has priced in a move to either 32.60 or 30.20.
These financial stocks could give some clues where the market might be headed in the near term. Therefore, how the market reacts to the earnings report from these companies will have significance.
