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Earnings are like a box of chocolate’s

April 25, 2019 by Doug Campbell

To rephrase a line from Forest Gump, Earnings are like a box of chocolate’s; You never know what you’re going to get. Positive big tech reports lift MSFT into the trillion dollar club and FB shares leap 7% despite the expectation of a huge FTC fine. As a result NASDAQ futures point to modest gap up open with the Dow futures point to triple point gap down after a disappointing MMM earnings miss.

Asian markets struggled with stimulus concerns closing mostly lower overnight and the European markets are modestly lower across the board this morning amid their earnings reports. With about 300 companies reporting today and a Durable Good report at 8:30 AM Eastern we still have a lot of random chocolate’s to try and digest this morning. It’s never a dull moment during earings session so tighten up that seat belt it could be a bumpy ride ahead.

On the Calendar

Today is the biggest day of the week in the Earnings Calendar with around 300 companies reporting. Some of the notable reports today include, AMZN, MMM, ABBV, AFL, MO, BCS, BMY, COF, CERN, LFC, CLF, CMCSA, CUBE, DHI, DLR, DFS, F, FCX, HSY, ITW, INTC, IRM, MAT, RTN, SFLY, LUV, SBUX, SIVB, UBS, UPS, VLO, WM and XRX.

Action Plan

After reporting very strong earnings after the bell yesterday MSFT joined the very few companies to reach the Trillion market cap company. FB jumped 7% as investors shrug off the possibility of a 5 billion dollar FTC fine for privacy violations. After reporting a huge earnings miss and their largest quarterly loss ever TSLA shares seems to hold firm near yesterdays close. What’s a little confusing is that futures are currently pointing to gap down open of more than 100 points after the big tech’s reported so well. Forest Gump should have said, earnings are like a box of chocolate’s; you never know what you’re going to get!

Asian markets closed mix but mostly lower as China wrestles with more stimulus concerns. European markets are in the red across the board this morning currently holding only modest declines. The big news this morning is the huge earnings miss from MMM currently indicating more than a 20 point decline from yesterdays close. Ouch! With so many companies reporting today anything is possible by the open and remember we still have the Durable Goods report at 8:30 Eastern to also digest before the open. Buckle up it could be a bumpy road ahead this morning.

Trade Wisley,

Doug

MMM Earnings Spanking DIA’s

April 25, 2019 by Rick Saddler

Pre-market earnings on MMM giving the market a little spanking. It Looks like the DIA’s will be testing around the T-Line today after closing bullishly above the T-Line for the past 8-days. VXXB closed yesterday with a Bullish Morning Star pattern suggesting the nervous traders are getting a bit more nervous, and the FANG ETF chart is whipping around this morning. The SPY seems to be holding up in the Pre-market, but it’s early as I write this blog. It’s looking like today will test the confidence of many traders, having a solid risk plan on each position held will help to keep calm and focused. The close yesterday suggested the market was in for a little profit taking today, even with minor (emphasis on minor) profit taking the SPY and the overall market is still trending. The Live Trading Alerts Scanner will be very helpful today with charts alerting Bullish or Bearish Action.

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APPL and LTA Alert Software

April 24, 2019 by Rick Saddler

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AAPL Trade/Trade Alerts

April 24, 2019 by Rick Saddler

The Live Trading Alerts Software is 100% instrumental to my personal trading. Finding the trades, entering the trades, managing the trades, and profiting alerts. Yesterday April 23, 2019 I pulled 30.5% off AAPL a head of earnings. We love base hits!

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Record-Breaking Day

April 24, 2019 by Doug Campbell

Yesterday was a record-breaking day with the QQQ smashing through all-time highs with the SPY and DIA following closely behind. If the huge round of earnings today continues to inspire the bulls perhaps DIA and SPY can join the party with new record prints. During the night Australia’s market celebrated with the US touching a 10-Year High while Asian markets struggled, closing mixed but mostly lower. European markets appear cautious this morning, currently trading mixed but mostly flat.

With more than 200 companies reporting earnings this morning US Futures seem to be taking a wait and see attitude in the pre-market trading. As a result roll in anything is possible so stay focused on the price action and guard yourself against getting caught up in morning hype making emotional decisions. Expect considerable price volatility this morning with possible record-breaking attempts as markets react always keeping in mind the possibility of reversal if earnings happen to disappoint.

On the Calendar

We have a big on the Earnings Calendar with more than 200 companies reporting. Among the notable reports are CMG, TSLA, APD ALGN, T, ANTM, AVB, BA, SAM, CAT, CINF, CTXS, CS, CVI, DPZ, FB, GD, LRCX, MSFT, NDAQ, NSC, NOC, NVS, PYPL, SIRI, SAVE, SWK, TROW, TUP and V.

Action Plan

A record-breaking day yesterday with the bulls finding more than enough inspiration to push through resistance on the QQQ which is now up 32% from last Decembers low. The SPY and DIA are also within striking distance of new all-time high records that could be very easily achieved today assuming earnings continue to roll in above the lowered estimates. How interesting it is that earnings growth is expecting to decline, but as long as stocks continue to beat lowered estimates the market goes higher.

Yesterdays now New Home Sales number that surged well above estimates was a particular bright spot yesterday for the strength of the economy. Asian market struggled overnight closing mixed but mostly lower while Australia’s market reached out to 10-Year highs. This morning European are mixed but essentially flat as they also react to earnings reports. As I write this Dow futures point to a modest gap up while the other indexes are currently flat to slightly lower as we wait for another huge day of earnings reports. With both BA, CAT and T reporting before the bell the actual open of the Dow could be far different than it currently suggests. Expect significant price volatility this morning.

Trade Wisely,

Doug

Strong Earnings Strong Day

April 24, 2019 by Rick Saddler

Another strong day in the market due to strong earnings. Yesterday marked the 16^th day the SPY has closed over the T-Line (8 Expediential moving average). Yesterday’s candlestick closed at $292.88, well over the concerning bearish engulf a few days ago. Price action dipped into the T-Line Bands for a couple of days finding new money before launching an attack on the breakout and new highs. Our outlook remains bullish as long as price action continues to build new highs and higher lows above our lower (RED) T-Band. We will continue to monitor the Live Alert Scanner for buy alerts and setups like the T-Band Moving Up, The RBB Alert, The PBO Alert, and The 3 X 8 Trap Alert. Did you know there are over 140 pre-built scans/alerts?

✅ Hit and Run Candlesticks trade Ideas for consideration: SWKS, COST, WYNN, BBY, SYMC, T, SPWR, TGT

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All about the Earnings

April 23, 2019 by Doug Campbell

It’s all about the earnings and it would seem the entire world is waiting on the edge of their seat to see the results. Asian markets closed mixed but mostly lower as they wait and European index are also pensive this morning waiting on the wave of earnings results out this morning. The trends in the DIA, SPY and QQQ continue to hold but thus far have lacked the inspiration to attack all-time highs. If earnings are good enough that may be exactly what we do.

However if earnings disappoint than the small-caps currently the weakest of the indexes could lead us lower and already showing weakness. Expect significant volatility over the next few weeks with the possibility of large morning gaps in either direction as traders and investors digest the results. As always set aside your bias and focus on the price action. What we want the market to do is not relevant. How we exercise our discipline to trade the market reaction is what matters. Which direction we go is all about the earnings!

On the Calendar

We have a big day on the earnings calendar with nearly 150 companies reporting results today. Notable reports include, CP, CNC, CIT, KO, EBAY, EW, FITB, FE, HOG, HAS, PG, IRBT, JBLU, LMT, NUE, SHW, SIX, SNAP, STT SYK, AMTD, TXN, TRU TWTR & VZ.

Action Plan

After a day of anemic price action markets around the world continued to trade very cautiously overnight. Asian markets closed mixed but mostly lower waiting for the US earnings and reacting to rising oil prices. European markets currently indicate the same caution with mixed but mostly lower results as they wait for the earning deluge. As a result the US early morning futures are modestly lower across the board but that likely to significantly change as earnings roll out fast a furiously in the pre-market.

Existing home sales came in short of expectations yesterday despite the lower interest rates. With that in mind the New Home Sales report at 10 AM Eastern gains in significance and could move the market today should it also miss expectations. Technically speaking the DIA, SPY and QQQ are in good shape holding trends while still looking for inspiration to challenge price resistance levels. IWM on the other hand is a different story trading well below all-time highs and currently dealing with a failed new high. Will earnings prove strong enough to lift the market? Only time will tell.

Trade Wisely,

Doug

Buyers and Sellers Battle

April 23, 2019 by Rick Saddler

The price action battle is on between the buyers and sellers. Last week the sellers printed a Bearish Engulf on Thursday and follow-through on Friday. Yesterday (Monday) the Buyers printed a Bullish Engulf that covered Friday’s Doji follow-through. The buyers still control the trend, hands down! Using the recent Doji low $288.66 as the pivot low the buys have a chance to use yesterday’s Engulf as a key candle to help with there challenge of higher highs. “Of course the question is will they” As boring as this market has been it’s nice to see the profits/losses and the net gain posted in the trading room. “Thanks, Traders!” The VIX continues to show no fear, which points to a bullish market.

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Ticker CRZO

April 22, 2019 by Rick Saddler

We saw CRZO popping on the scanner this morning when price was about $12.70. What a nice finish! I have it on the LTA scanner hot list looking for a PBO buy alert on a little consolidation. If you have the LTA scanner and need help setting up a hot list just let me know and I will walk you through it. Have a great evening.

Trade Alerts with LTA has proven to be the #1 alert system in trading. Serious about making money? LTA will provide alerts to you in real-time on your computer screen based on what you are looking for. Candlesticks signal, chart patterns, or a combination of both and in different time-frames. Do you have a special chart pattern? The team at LTA can create it for you.

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Turbulent 3-day weekend.

April 22, 2019 by Doug Campbell

A turbulent 3-day weekend of Easter terror attacks in Sri Lanka and Mueller report political drama ahead of a big week of earnings report has the futures pointing to a gap down open this morning. With several markets around the world closed today and the likelihood that many traders and investors have extended their holiday; there is the possibility of light and choppy price action after the morning rush.

With about 800 companies scheduled to report earnings this week plan for an extra dose of price volatility and don’t be surprised to large morning gaps. The big question to be answered is whether or not the earnings will inspire the market to new record highs or if the analyst’s concerns of an economic slowdown come to fruition in the company results? Though we may have had a turbulent 3-day weekend of news the turbulence may just be beginning as earnings season heats up. Stay focused on price action and plan your risk carefully for the possibility of bumpy air ahead.

On the Calendar

On the Earnings Calendar we have nearly 80 companies reporting earnings today but we will have more than 300 reports on Thursday. As the 2^nd quarter earnings season heats up make sure to check reporting dates for all current holdings and those you’re considering for a buy.

Action Plan

Easter terror attacks in Sri Lanka, Mueller report political drama, rising oil prices, Boeing facing claims of Dreamliner Mfg. issues, and a parked Tesla apparently blowing up are just a few of the stories popping up during the long weekend. There are several markets closed around the world today as Easter holidays continue. Futures are slightly under pressure this morning pointing to a gap down of more than 50 Dow points. After the morning rush there is a possibility of light and choppy price action as may traders and investors have likely extended their holiday vacation.

With earnings season heating up this week we should expect increased price action volatility and the possibility of large daily gaps. Check those earnings dates on companies you hold or are thinking about buying and plan your risk carefully. I think the big question to be answered is will earnings finally break resistance highs propelling the markets to new records or will earnings point to the economic slowdown many analysts suggest. Only time will tell so stay focused on price action for clues and respect support and resistance levels as you plan you risk moving forward.

Trade Wisely,

Doug