It’s officially earnings season. We trade in interesting times. How can you not love the Ackman HLF Dump Summit? Most of us on the desk were trading $HLF and piped into his presentation via livestream.com. NFLX reported and got beat up offering a series of excellent risk/reward trades for the short term trader. HOG got hit reporting shipments will be light for the year. And there was much more. It was a day of opportunity.
During these interesting times it is important to prioritize trade opportunities. Last week we discussed the best practice of creating a road map for your trading. Continuing on that theme, I thought I would be more specific with a list of stocks I first look at (below). Perhaps this can help you prepare your road map for each trading session.
1. Stocks that have beat or missed guidance for the full year
2. Stocks the Street may now conclude have material changes to their fundamentals
3. Stocks gaping up or down significantly premarket on relatively increased volume
4. 2nd Day Plays
5. High Beta Technical Setups
6. IPOs
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“You can be better tomorrow than you are today!”
Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and futures. Bella is the author of One Good Trade and The PlayBook. He invites your questions at [email protected].
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