The Inside Scoop (04-21-2023)

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

With earnings season underway, financials are making a statement this week.

The first few weeks of reporting are always heavy with banks and financial stocks. As these are the market laggards, we knew we would get some critical information from their earnings reactions.

While it hasn't been fireworks to the upside by any means, there also hasn't been much downside from these stocks.

It is never a bad thing if the bears can't take down the weakest stocks. That's what is going on right now.

Meanwhile, more and more bullish setups keep crossing our desk. It's all very constructive.

Let's talk about two we like right now.