Goldman Derivs Desk: "Keep 6,725 On Your Launchpad: At This Level The S&P Flips To Negative Trend"

While earnings season is now almost over, this will be a consequential week with a solid data set to accompany the evolving narrative. 

As Goldman's derivatives guru Brian Garrett writes in a Sunday note, Nvidia - the world’s largest company - is reporting earnings (with a $300BN market cap implied move); we also get the first US government employment report in two and a half months (Goldman is above consensus at +80k), and almost all brick/mortar bellwethers (a sector that has gotten crushed recently) will report (HD, WMT, LOW, TGT, etc).