Day 2 Morning Breakout

One of the keys to consistent profitability is the ability to recognize repeating patterns. Because the market trends are always changing, one must adapt, and have the conviction to pull the trigger on new, developing patterns.

One trend I have noticed recently while watching earnings winners is that they are getting stuffed on their day one breakouts, then breakout big in the morning of day 2. This pattern isn’t new, but I haven’t really seen it since last summer. Here’s a good video that explains the setup, and here are a few recent examples:
BDBD 5d 5m.png
CZR 2d 5m.png


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The Only Earnings Winner Setup You Need to Know

Q3 2016 earnings season started to ramp up in late July/early August, and the markets have given us a ton of opportunity for profits. I’ve had between 50 and 60 earnings winners on my watchlist for the last week or two, and those of you... Continue →