Qualcomm Inc QCOM Earnings Report | FOMC Decision

Qualcomm earnings, schmernings: Tell us more about the Apple settlement

Qualcomm Inc. will make investors the happiest if they focus more on how their windfall settlement with Apple Inc. will boost profitability going forward than on the recent slowness in chip sales.

Qualcomm QCOM, -1.28% is scheduled to report fiscal second-quarter earnings after the close of markets on Wednesday.

marketwatch.com/qualcomm-earnings

Qualcomm Analyst Weighs Pros And Cons Of Apple Deal

QUALCOMM, Inc QCOM has been on fire since the company reached a deal with Apple, Inc. AAPL 0.05% earlier this month.

However, one analyst said additional upside for Qualcomm shares may be limited, at least until investors know the details of the Apple agreement.

benzinga.com/qualcomm-apple-deal

FOMC decision — What to know in markets Wednesday

On Wednesday, The Federal Open Market Committee (FOMC) will be concluding its two-day meeting, and Federal Reserve Chairman Jerome Powell will hold a press conference at the conclusion of the event at 2:30 p.m. ET.

“Inflation has softened in the inter-meeting period, and expectations are building that the next move will be down rather than up. Incoming inflation data will guide the Fed’s discussion as well as Powell’s Q&A,” Morgan Stanley wrote in a note Friday.

finance.yahoo.com/fomc-decision-5-1.19

Stock Trading for Beginners

What's your favorite buy setup?

Mine is a lower open in a strong stock. Notice there are two parts to the trade, strong stock AND a lower open. Without context a lower open seems like the stock is weak, but with obvious bullish order flow a lower open becomes a good trade.

As shown in this DIS chart, the best case scenario is when your stock is well-offered. This means lower lows, lower highs AND, closes in the lower 10% of the trading range.

Here is where the trade setup gets specific, we also WANT a lower open the next day. So the obvious question should be, “How far lower?”

Generally speaking I game plan for 50% of the stocks average true range to look for buyers to step back into the strong stock. For example: IF the “ATR” is $1, and the stock closed yesterday at $20 (on the lows) I am looking for a lower open and buyers to emerge @ $19.50.

Here is the complete setup:

• Bullish order flow.
• Well offered.
• Closes in the lower 10%.
• Opens lower, and pushes lower.
• Look for buyers at 50% of the daily ATR from yesterday's close.

** Look for buyers means we are looking for a bullish U-turn, a reversal pattern.

Here's the basic scan I use to fund these setups:

You can find the average true range if you click one of the stocks in the scan.

Pete