Dear EarningsBeats Digest
Member.
Market Vision 2020
We will be hosting our first online financial conference, Market Vision 2020, on January 4th. We will be joined by a list of technical analysis experts who will share what they're seeing in the market as we enter 2020. Additionally, John Murphy, Chief Technical Analyst at StockCharts.com will be featured as our Keynote Speaker at the
event!
To learn more, and to receive access to giveaways and exclusive events (including Tom Bowley's webinar, "The Creation and Design of Winning Portfolios" this Friday, 11/29), be sure to subscribe to the Market Vision 2020 newsletter.
Trading Places Live!
Due to the Thanksgiving holiday tomorrow, we will not be hosting a Trading Places Live show this morning. Have a Happy Thanksgiving!
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Character Changes Can Work in Both Directions
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Recently, I've discussed "character changes" as stocks have reversed from downtrends into uptrends with better-than-expected earnings results. I even took it a step further by introducing our Value Portfolio, which consists of 10 equal-weighted stocks from 10 different industries, and with 1 common ingredient. They were all either downtrending or sideways consolidating
(after a recent downtrend) prior to reporting excellent earnings results and gapping higher. Since Tuesday, November 19th (its inception date), the Value Portfolio has gained 4.19%, while the S&P 500 has gained just 0.65%. That's a lot of outperformance in just one week. This strategy clearly has merit. It's also important to understand that uptrends can end abruptly and, when they do, it's time to exit. I believe that's the case with Kirkland Gold
(KL):
