EarningsBeats.com Digest for January 24, 2022
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Q4 Earnings Season
Monday, January 24th at 4:30pm ET
Join Tom Bowley, EarningsBeats' Chief Market Strategist, as he points out the best quarterly earnings reports to date and then uses both absolute and relative strength indications to uncover those companies most likely to report blowout results throughout the balance of earnings season. This is a very popular quarterly event that you don't want to miss!
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One Alternative To Investing In U.S. Stocks Right Now
You won't hear this very often from me, but I like gold ($GOLD) right now. GLD is the ticker symbol that tracks the price of gold. Inflationary news will send some investors into gold, although Wall Street has largely ignored gold, even while inflation has surged over the past year. That's a solid signal to me that inflation is not a
long-term problem. The reason I like gold, however, isn't because of inflation. It's because of fear. Gold is a "go to" for many when the stock market grows in fear and volatility. That, combined with the bullish technical setup, suggests a potential 13% climb to price resistance established in August 2020:
A breakout above 1850 is what I'm looking for to confirm the breakout and the eventual test of that prior high. If we fail to break out near-term, then a trip back to the 1750-1775 area remains possible. The closer gold gets to 1750, however, the better the reward to risk will be. I have written two articles this weekend that you should probably take some time to read. Here are the links:
Lastly, we are having a very important webinar later today at 4:30pm ET to discuss upcoming earnings. Because of the severity of the recent selling and what I consider to be a cyclical bear market underway, I plan to share a few charts that I believe will be
extremely useful in helping us identify a MAJOR and very important market bottom later this year that will likely spark one of the most explosive rallies we've ever witnessed. You will want to be a part of this next rally. Anyhow, I'll be sharing more on this later today, so please consider using the link in this email to sign up for a FREE 30-day trial and join me at this important
webinar.
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Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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