Broadcom Inc AVGO Earnings Report 6.13.19 | SPY ETF Update
AVGO Broadcom Stock Chart 6.13.19 Before Earnings
Broadcom Stock at Resistance Ahead of Earnings
Chip giant Broadcom Inc. (AVGO) reports second quarter earnings after Thursday's closing bell, with analysts expecting earnings per share (EPS) of $5.20 on revenue of $5.7 billion.
The stock surged to an all-time high after beating first quarter estimates and reaffirming 2019 guidance in March, and it added to gains into May's all-time high at $323.20. It sold off on heavy volume into early June and is now trading about 40 points below that lofty level.
investopedia.com/broadcom-stock-earnings
Broadcom shares jump on fresh Apple contract
Shares of San Jose-based Broadcom Inc. gained 3.6 percent at the opening bell on Tuesday after the chipmaker said it had inked a new contract to supply radio-frequency components and modules for the iPhone, iPad and Apple Watch.
What Separates Successful Traders From Struggling Traders?
Watch the Video Today: The one thing struggling traders focus on that ironically, is the singular thing holding you back.
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SPY ETF Chart 6.13.19
SPY ETF stuck today between the 50 sma and the high from two days ago.
The reason I bring this up today is so we can set trade expectation. If you're new to my method trade expectation is the odds of follow through. The odds of your profit target being hit versus your stop loss.
For my trades in the SPY, my trade expectation will be lower until one of the price points is breached. Which means I am trading for cash flow. Which means I will be exiting into momentum pauses (as opposed to looking adding new shares to the position).
A huge skill to learn is assessing situations, just like driving a car. Each time you get in the car is different. Even if you are on the same road, same time as yesterday, it's a different situation.
Lack of this skill is major mistake some very smart people never understand. Every trade is not the same. The setup might be the same. The entry signal might be the same. But the conditions that lead to that moment are very likely different.
The more distinction you can make, the more pieces of the puzzle you can put together, the better your decisions will be. I call this “building an argument.”
The better your argument, the better trader you will be. And by the way, you will eventually learn a “weak argument” will keep you out of bad ideas.
Join me for the next 90 days in coaching and let's build arguments together.
Pete
