Lede We look at two triggers on the day driven by technical conditions and charts with backtested results. Triggers, Charts, Backtests We start with AMZN and use Pattern Finder to examine the 3-year chart while asking Pattern Finder to turn on the following settings: Trend Support (red line) Trend resistance (green line) Congestion points (pink lines) Target Zones (green …
Lede Today we look at post-earnings patterns and a volatility burst pattern. Stocks, Backtests, and Charts Today we look at two tech stocks that went down after earnings, but have a tendency to recover post-earnings specifically after a drop. We look at tickers DDOG and TTD. Both companies reported earnings earlier this week, and both dropped off of the reports, though …
Bullish Reversals off of Earnings and a Volatility Burst in Goldman Sachs Read More »
Preface It’s time for more chart, skew and kurtosis, and backtesting analysis. Charts We started with the “Directional Charts” screen category and the “Bullish Charts; 3-yr Charts; Nearest Congestion or Trend” screen in Pattern Finder: We made sure we looked at stocks with strength in their tail dynamics (we share a video at the end of this post …
Preface Today we look at bullish chart set-ups that have strength in their tail and skew dynamics and specifically a behavior after earnings. Charts We started with the “Directional Charts” screen category and the “Bullish Charts; 3-yr Charts; Nearest Congestion or Trend” screen: We made sure we looked at stocks with strength in their tail dynamics (we share …
Two Bullish Opportunities – Two Plans – One Strategy Read More »
Preface Please find the “How to Use TradeMachine” webinar below, as well as a 3-minute snippet from the webinar which answers the question, “so, what’s so special about TradeMachine?” 3-Minute Snippet: What’s So special About TradeMachine? A Remarkable Finding for Stock and Option Traders Learn More about TradeMachine Full Webinar Legal …
Preface Today we update three triggers that we published in this post: Three Pre-earnings Triggers; Oil and Tech; Two Flavors from July 19th. Results That post discussed three triggers for the day, all of the pre-earnings momentum type: CVS pre-earnings diagonal call spread MRO pre-earnings diagonal call spread FROG pre-earnings long call All three backtests are …
Preface Today we look at three more stocks ahead of earnings in an effort to identify prior patterns of bullish moves before the print while avoiding the actual earnings event risk. Charts and Stocks We start with a screen in Pattern Finder that has company size filters, return distribution characteristics (skew and kurtosis) filters, and …
Three Tech Stocks With Potential Bullish Pattern Triggering Read More »
Preface We will continue on our path searching for bullish pre-earnings momentum set-ups. If any of the terms we use in this post are unfamiliar to you, fear not, we have a link to an explanatory video in the conclusion. Story Ticker CVS has earnings due out in 14-days and the chart looks a bit bullish and …
Three Pre-earnings Triggers; Oil and Tech; Two Flavors Read More »
Preface Earnings season will soon be upon us and we will use Pattern Finder and TradeMachine to identify six stocks in a pattern that has, in the past, shown an up trend into earnings. Screen First We will start in Pattern Finder and run a screen. Here are the filters: In English, we are starting with a group of …
Preface Mega cap tech earnings are around the corner and we examine the mega seven, backtesting a specific pattern with two different option strategies both leaning on the return distribution characteristics called ‘kurtosis’ and ‘skew.’ We start with the Pattern. Pre-earnings Momentum We noted, several years ago, that a group of stocks exhibited a sort …