Earnings season is my favorite time of year to trade. The increase in volatility provides some nice trade setups for equities. Last week daytraders had quite a few. AXP gave a long entry (35.37) before earnings Thursday on a pullback, then a strong close at 36.49 and a high of 36.80. After the earnings on Friday we had a sell short signal (35.71) on a pullback in to a weak close of 34.64 and a low of 34.26.
No comments:
Post a Comment