Weekends allow a trader some time to think about the big picture. I like to look a couple weeks ahead, especially when it comes to earnings announcements. Anyone who regularly follows this blog knows I use a hedged option strategy for specific companies around earnings. I used it for Oracle (ORCL) earnings last week and made a quick 124% gain (after trading costs) in two days. It was pretty easy money. Even if you just use the technique as part of a larger diversified portfolio, it can keep you interested in the market and it can juice your returns with some low risk/huge return profits. I am in the process of getting an eBook to explain everything. I anticipate getting it out soon.
In the case of upcoming earnings, there isn't much going on for a couple weeks. The official "earnings season" is coming up and most of the companies get quiet in front of announcements. "Earnings season" really is a joke because there are plenty of tradable earnings announcements most of the quarter. Yes, there are times where there are more announcements than others, but there are usually plenty times to get in front of an announcement throughout the quarter.
The unofficial start of earnings season is April 7th with Alcoa. There will still be trades available. Just earnings-related trades will be quiet.
Keep track of the companies announcing strong earnings and doing other bullish actions like buying shares back or increasing dividends. Those are the companies that will ultimately lead us out of the bear market. It doesn't mean that the bear market will be over with earnings in April. But when it does end, those companies reporting strong earnings and cash flow now will be the ones to hang on to. They are going to be a buy-and-hold investor's best friend. Have a good weekend. And until next time, stay low risk.
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