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Netflix Earnings Report and Oil Collapse to Dominate the Day 4-21-20
The trade for the next few days is NFLX. Netflix Inc reports earnings after the stock market close today. Crude oil prices plummeted to historic price levels. We discuss a strategy for taking advantage of a long-term trade.Who isn’t watching Netflix during the quarantine? The key to the earnings report of course is subscriber growth.Regardless […]
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Bullish Momentum Butting Heads with Bearish News 4-20-20
Last week’s stock market provided a few nice winners (NFLX, AMD, NEM, AMZN) but it was anything but easy trading. Earnings season arrives and reality will too.The financials painted a grim picture and I’m expecting that tone to continue. IBM is scheduled to report after the close.The weekly charts remain bullish but the daily momentum clearly […]
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Bullish Stock Market Keeps Chugging Along- Take Profits? 4-17-20
The stock market keeps on chugging a long to the delight of 401K’s everywhere.The question for today is profits. Do we sell our stock trades after a solid three week rally off the lows?Today we review a system for profit taking that also allows us to hold our winning trades longer.It’s a simple trading strategy that […]
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