Dear Student,
Another record-breaking week is nearly in the books for the market, with the S&P 500 up 23% after breaking its 47th high this year alone.
The question is… Will this continue? Or is an end in sight for this extraordinary run?
And on Monday, I explained the one looming factor that could wind up being the “canary in the coalmine” for the markets ahead.
We’re also in the thick of earnings season, and both factors are tightening the purse strings on investors and traders alike.
The S&P is now more expensive than it was before the Wall Street Crash of 1929…
Options premiums (especially those in the S&P) are also historically expensive…
Both of which could break the bank – if you don’t know where to put your money.
That’s exactly why we looked at the cheapest options in the market to trade right now…
AND why on Wednesday, I showed you the RIGHT way to scan earnings to minimize your risk and maximize your profits.
Remember, there are four things you want to look for when determining the best stocks and exchange-traded funds (ETFs) to trade:
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The number of earnings periods analyzed.
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The estimated number of days until the next earnings report.
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The actual number of times a stock or ETF has met or bested earnings expectations.
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The actual number of times a stock or ETF has missed earnings expectations.
And yesterday, I followed up with my favorite way to trade three strong patterns on these three popular stocks releasing earnings on Wednesday, October 30th, and Thursday, October 31st.
Next week, with under 10 days to go until election day, we’re going to focus on the most lucrative strategies to use on my top election picks.
Until then, make sure you’re registered to vote (and vote early if you can).
Have a great weekend!
Tom Gentile
America’s Pattern Trader