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Earnings Is Key (And they kick off tomorrow)

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JULY 12 2023
 
   
GUY COHEN’S TRADE RADAR
“Close But No Cigar (Yet)”
 
 
 

Many issues do look overbought, but that can continue for a while longer.

In terms of market timing, my trusted indicators that serve us so well are not giving us a clean read in terms of calling for a mean reversion.

Simply put, they’re just not quite showing overbought… yet.

Depending how earnings go, they could send us going in one direction or the other.

Follow the money,

— Guy Cohen
JEFFRY TURNMIRE
One Of My Favorite Tickers
 

I have a favorite ticker that I’ve been trading for a long time now.

Every day, between when it closes the prior afternoon and when it opens in the morning, it could trigger another trade opportunity.

If after hours trading takes it down — and it stays down until the morning’s open, that’s when the trade triggers.

Some traders might say that’s a bad sign. Or possibly even a bearish entry.

But this ticker does something interesting when it “gaps down” overnight, like I mentioned.

The next day,it’s got a very high likelihood of “filling the gap” —  often right when the market opens.

So far I’ve been taking that pattern to the bank for over 18 months now.

And I recently recorded this video to show you the details of how I’ve been using it.

Hope you enjoy,

— Jeffry Turnmire

P.S. I’ve been trading this pattern with my own actual money and you’ll get to see the results I’ve gotten — Click here to watch it.
   
 

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