Earnings Opportunity Season

October 1st, 2012
in contributors

Written by

Earnings season approaches and now is the time to seek advantageous entry positions in anticipation of the market moving announcements to come.  In a all-about-trends-logomarket that’s near support and in a confirmed uptrend, it’s all about buying calls in stocks that are also at support. We’ve done that by buying the November calls of NUAN and VELT when they hit support and now will hold through their earnings reports in November.

What we see becomes very evident when you look at the charts.

Follow up:

Coming up very soon are reports by two of the financial stocks we presented in the All About Trends mid-day update last Wednesday — C and WFC. Their earnings reports are right around the corner AND more importantly their charts look really good — both are in confirmed uptrends and above the 50-day. We’ll want to do calls in C and WFC should they tag support again in the next day or so.

The same goes for the others on our watch list. We want to buy calls should the stocks hit support that will carry us into earnings where they have potential to give us a nice pop. This will remain our game plan as long as the Yellow Brick Road remains intact.

So that said, we’d welcome a few more days of consolidation in the indexes. While it may bring more temporary in-flight turbulence for our current positions, it will allow us to initiate positions in stocks on our watch list and put us in position to benefit nicely from earnings season.

Editor's note: This has been an excerpt from the premium weekend Fun Money report. Subscribers receive daily commentary, real time stock/option alerts and a weekend wrap-up. To learn more about our stock and option recommendations and receive the free report — “How To Outperform 90% Of Wall Street With Just $500/ Week”, sample of free newsletter“.

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect.com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved