US OPEN: Wall Street opens higher as earnings season rolls on

• US stocks open higher
• Shares of ProShares Bitcoin Strategy ETF rose slightly in trading debut
• Johnson & Johnson (JNJ.US) posted mixed Q3 results

US indices launched today's session higher, with the Dow Jones hitting a 6-week high of 35395 and the S&P 500 a 5-week high of 4504, as major companies, including Johnson & Johnson and Procter & Gamble, continued to report strong third-quarter earnings. Netflix and United Airlines are also due to report after market close. As of Tuesday, 80% of the S&P 500 companies that have reported earnings beat market forecasts, according to FactSet. While quarterly figures in the majority of cases remain strong, investors are looking for commentary from corporate America about supply chain issues and inflation. Meanwhile shares of the highly anticipated US ProShares Bitcoin Strategy ETF fund rose 3% in their trading debut on Tuesday.

US100  - buyers managed to break above local resistance around 15220 pts  which coincides with 50 SMA ( green line). If current sentiment prevails, then the upward move may accelerate towards all-time high at 15820 pts which coincides with the double upper limit of the 1:1 structure. On the other hand, if sellers manage to regain control, then a downward correction towards 14580 pts may be launched.  Source: xStation5 

Company news: 

Johnson & Johnson (JNJ.US) shares rose 1% before the opening bell after the company reported quarterly profit of $2.60 per share, beating analysts' expectations by 25 cents. However, revenue figures disappointed slightly. Company also raised its full-year guidance, noting strength across all its businesses.

Johnson & Johnson (JNJ.US) stock price is approaching local support level at $ 157.80 which is marked by the lower limit of the 1:1 structure. Should break lower occur, downward move may accelerate towards support at $152.00 which is marked with 61.8% Fibonacci retracement of the upward wave launched back in October 2020. On the other hand, if buyers will manage to halt declines, then nearest resistance to watch lies at $162.60. Source: xStation5

Walmart (WMT.US) shares rose more than 2.0% in premarket after Goldman Sachs (GS.US) added the stock to their 'conviction buy' list, citing the company’s increasing ability to generate earnings growth. Goldman believes that many of the changes in consumer spending patterns that have benefited the retailer during the pandemic will stick around for longer than first expected.

Halliburton (HAL.US) stock fell 1% in premarket after the oilfield services company matched forecasts, with quarterly profit of 28 cents per share. Revenue figures failed to beat market expectations. Halliburton reported that higher oil prices had helped it to a net profit more than double last year's. 

Bank of New York Mellon (BK.US) posted quarterly earnings of $1.04 per share, slightly above analysts' estimates of $1.01 per share. Revenue also topped market consensus. Bank results benefited from funds released from credit loss provisions, as well as increased fee incom