Google parent company Alphabet and Microsoft both missed on earnings per share and revenue estimates, yet the stocks were both higher Wednesday morning!
It seems results weren’t quite as bad as investors feared given the current environment, which is a bullish sign for the markets.
Meta Platforms reported after the bell on Wednesday, and will be followed by tech titans Amazon and Apple on Thursday.
The big question on everyone’s mind is, if these companies also miss on their earnings reports, will their stocks rally? And more importantly, will the market?
Get ready, because I’m shaking things up a bit for this Blitz Daily…
Don’t get me wrong, I love trading institutional order flow and nothing is ever going to change that…
But it doesn’t mean we’re locked into one way to find a trade.
I’ve got a brand new toy, an indicator I’ve built over the past four years to help me scan for the underlying factors of why stocks move…
I’m calling it my “Master Indicator,” and it’s fantastic for finding new names throwing off long and short signals that I normally wouldn’t follow intraday.
At the top of my list we have cybersecurity stock F5 Inc. — shares are up almost 8% after beating expectations and offering strong forward guidance, sparking its second buy signal on my indicator in under a week!
And that’s not the only buy signal hitting the scanner…
Open interest is the total number of open or outstanding options and/or futures contracts that exist at a given time. Open interest is commonly associated with the futures and options markets, where the number of existing contracts changes from day to day.
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*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From 5/23/22 to 7/12/22 on live trades the average win rate is 100%, the average return is 15.3% over a 3 day average hold time.
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*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk.
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