Q2 2016 Early Trends and Charts
The earnings season of Q2 2016 was unofficially commenced when $AA held its first quarter 2016 earnings conference call on April 15th. The final two weeks of April were home to some pretty great earnings reactions, and with nearly 2,000 companies under $20 reporting earnings in both May and June, my 90 day forecast tells us to expect many more opportunities in the coming weeks.
With a sample size taken from the early quarter action of late April, I was able to observe a few simple patterns that have materialized across the symbol set saved in my watchlist.
Day 1 Breakouts
Day 2 Red to Green