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
LRN 5d 5m.png
CLF 3d 5m.png
SONS 3d 5m.png

Day 2 Red to Green
LRN 5d 5m.png
SC 3d 5m.png
KERX 3d 5m.png

PEAD
SN 10d 5m.png

 
3
Kudos
 
3
Kudos

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How to Buy Afternoon Breakouts

I’ve read every one of Tim’s blog posts about earnings, watched every video lesson multiple times, and have watched most of his DVDs close to 10 times over. A lot of his stuff is conceptual, like “just buy on the breakout day and sell a... Continue →