Wednesday 12 January 2021
We are moving into Earnings Season once again, with a few starting to report, but it will be ramping up on the 20th Jan. So make sure you know what the dates are for any stocks you own or are considering buying.
Earnings Whisper is a great resource: https://www.earningswhispers.com/calendar
Indexes stalling today in the resistance zone from last Wednesdays significant bar. Following spring type action often comes a test. So if it does pullback to test, then watch for positive price & volume action. i.e. diminishing volume, tightening price action & higher low
If we do get a test and supply increases and shorts come back in aggressively, then there's a chance of Stage 4 breakdowns in numerous stocks in Stage 3 currently.
I'll be doing the midweek video later after the close.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.