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Well, it wasn’t so much Blue Monday, but Red Tuesday!

The SPY, DIA and QQQ gapped down on Tuesday and by and large had recovered by Thursday.
There’s not a lot of analysis that can account for that kind of behaviour!

The first couple of weeks of earnings have been skewered by finanical stocks reacting negatively to warnings about credit card interest charges being capped, and other factors.

But there’s still a long way to go, so let’s not write off earnings just now.

As we now get into the heart of earnings season, be patient … There is a case for dry powder.
Great setups and agreeable market conditions will present themselves. And do make use of our amazing Earnings Calendar application!

Market Outlook:

The peculiar start to this earnings season continues.

Still a long way to go, and the indices have bounced back for now.

It’s pretty clear that it’s going to continue being bumpy, so my guidance this week is to be super fussy, only go for post-earnings setups and don’t let profits slip away … Protect them early.

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:
  Bullish, just.
• The Main Indices:
  Like last week, another hodgepodge with no pronounced insights – which is very rare!

Stock Selection:

The Earnings Calendar is paying its way – such a great tool.

This week my focus is to ensure I avoid stocks with imminent earnings. Again, the Big Money Footprints I focus on most are OVI, Trend Fade and Key Levels.

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