Post Earnings Is Playable Even This Time

Last week I said Cash is King this earnings season. And for pre-earnings that still holds.

On Friday I gave a webinar which showcased all our latest (Verson 2.0.3) upgrades.
By now you’ll know there are more to follow very soon, but over the last 10 days here’s what we’ve deployed:

• Trade Plan journaling directly from the charts. 

• Y-axis manoeverablilty for precision.  

• Earnings bell color differentiator for clarity.  

• Tech Talks in the video on-demand area – so you’re always up-to-date with our upgrades.  

• No more Fat Finger jeopardy on mobile mode!  

• Stock search from anywhere without having to commit to a watchlist.  

• Instant chart load from anywhere – The TradeFinders are now just as snappy as the watchlists.  

… Stay tuned for more game-changers in the next couple of weeks.

Market Outlook:

This earnings season is playing out exactly as I’ve indicated in recent weeks. It’s inconsistent, volatile, and in certain cases a bit wild.

That’s why I’ve cautioned a ‘stay out’ approach for pre-earnings this time around.

This week we’ve seen tech stocks gapping up and down. Apple down, Microsoft up. You get the picture.

Sector-wise I mentioned that there was still not a lot to really grab a hold of last week. That’s largely the case again this week.

And as I’ve said over the last couple of weeks, that tells you the market is uncertain. That tells you to tread with care. Being flat is a decent position.

Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.

Watch the video for more detail.

Market Timers:

• Longer Term Market Timer (OVIsi):
  Green.

• Medium Term Swing Timer:
  Bearish.

• The Main Indices OVIs:
  Pretty much neutral.

Stock Selection:

The focus is squarely on Post Earnings setups, and I’m keeping an eye on certain pre-earnings stocks in anticipation of a post earnings setup.

It’s fair to say these are not optimal market conditions, so you need to take the view that a quick P1 is a good result. If you get a P2 great, but the priority is always P1 in any case, it’s just an even bigger priority right now.