Here come the banks

Will negative early trends continue?

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Hey there! As you probably know if you’ve kept up with me, earnings are starting this week.  And that means it’s a very exciting time for traders… Which is why I’m very happy to share this with you: Learn How I’ll Trade Earnings On Thursday this week, I’m teaching a class on exactly how I’ll trade earnings… We’ll be focusing on how I read trading charts during earnings, plus looking at specific setups and trades that we may think about placing. I’ve also included a watchlist of my favorite stocks to monitor right now. My goal was to make this class as affordable as possible, so that everyone felt like they could make it. Learn all the details here P.S. I think the skills you’ll learn will help you well beyond earnings season. I can’t wait. So this week, the banks are reporting earnings. Wells Fargo (WFC) Bank of America (BAC) Citigroup (C) And then there’s a bit of an outlier in Delta (DAL). An airline running ahead of schedule? It’s a miracle!  Jokes aside, something really interesting happened yesterday: The banks, especially Bank of America and Citigroup, sold off before earnings. To oversimplify things, there are only two things that can happen when a stock goes down: it can continue to sink, or it can turn around and climb. Today, I’ll be looking to see if these companies break their downtrends because of positive earnings calls… Or if they head even lower when the reports are through. As always, if they head lower despite positive earnings news, you can bet we’ll be looking at a potential trade. And if you want to know more about what I see after the calls, I hope you’ll join me in my class on Thursday. Chat soon! Markay Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument. Manage Your Email Preferences Unsubscribe This email was sent by: Daily Profit Publishing 495 Town Plaza Avenue Ponte Vedra Beach, FL, 32081, United States of America Update Profile