My Favorite Earnings Trading Tool
With earnings season fast approaching, key tickers (like Microsoft, Apple, Amazon, Tesla, Netflix, and Google) will experience directional moves going into earnings, which make for great trading opportunities (if you know where to look).
Want to know where to focus this earnings season? Pick up the Earnings Hot Zone, and add my all-in-one earnings analysis tool to your toolbox. The Hot Zone is on sale, just in time for earnings season. Click on this link to learn more!
The Nasdaq: A Bullish Setup This week, the indexes finally saw a tiny bit of a pullback. Instead of that pullback being a driver for a more profound retreat in the indexes, it only appears to be another buying opportunity in the direction of the trend. That trend is up. The Nasdaq has mult-timeframe squeezes, already shifting higher and triggering to the upside. With that, I look to the core, mega-cap tech stocks to make the next leg higher. Check … Read more
Momentum Momentum in the market is one of my favorite setups to trade, and that momentum can come through short squeezes. What is momentum? Momentum is typically a greater-than-expected move that occurs in an individual equity, index, or sector. The moves in individual equities, particularly in equities that can be more volatile, are generally bigger than what can occur in a sector or index. This is because a sector or an index is going to be a mix of stocks, … Read more
Shares of Nvidia (NVDA) soared today after the company reported earnings that were well above estimates. Most impressive however, was the company’s estimates for next quarter’s revenues which was more than 50% above Wall Street estimates. NVDA cited surging demand for its chips that help with artificial intelligence applications and the stock is poised to trade higher. In addition to Nvidia, those wanting to participate in the AI driven growth trend can look to companies that provide products to this … Read more
The Consumer Staples sector closed below its key 50-day moving average today and is on track to be the worst performing area for the week. This underperformance began last week and was along with other defensive areas of the market such as Utilities and Healthcare. At first glance, it appeared as if last week’s 4% gain in Technology was being funded by the sale of these safe haven stocks. This week’s selling tells a different story however, as … Read more
Identifying Opportunity in Chop When the market is choppy, it can be a bit frustrating for those of us traders who love identifying directional moves. But, as we know, the market chops around 80% of the time and spends the other 20% of the time making big moves. It’s our job as traders to identify those moments of consolidation, where energy is building up and likely to break out. This is why we use my favorite trading indicator, known … Read more
A Video Update Last week, we discussed the move in Google, both before and after Google’s AI event. While I continue to like the stock long-term, Google did demonstrate a bit of exhaustion today. It hasn’t fully triggered a pullback move, but I’m watching and waiting for a potential pullback play. I discuss this, including my recent overview of the Nasdaq futures in the video below: Options Expiration Friday While I’m noticing a potential for a short-term pullback in Google … Read more
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