EarningsBeats.com Digest for April 17, 2020
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Dear EarningsBeats.com Digest Subscriber,
Announcing our two newest features:
- The Strong Accumulation/Distribution (A/D) ChartList
- The Weak Accumulation/Distribution (A/D) ChartList
To receive access to the above lists, in addition to our EarningsBeats.com WebinAR (WAR) Room webinar tomorrow at 2pm eastern, click below.
New ChartLists Provide A Great Trading Tool
Throughout the COVID-19 crisis, there's been one fairly consistent theme. Any weakness that we've seen has come primarily at the opening bell. The media bias has instilled tons of fear in the American people and many are believing this is 1929 all over again. It's not. We have a short-term crisis, I firmly believe that. Could stocks pull back again? Absolutely. Have
we bottomed? I believe we have. There's no doubt that certain industries have been impacted to a great extent. Airlines, cruise lines, gambling, hotels, travel & leisure are just several examples of industries that have been hit extremely hard by this crisis. These are very real problems that could take a year or longer to resolve. But it's important to realize that many industries are actually stronger because of this crisis, particularly businesses poised to
benefit from stay-at-home orders. One look at the QQQ (ETF that tracks NASDAQ 100) suggests we've seen TONS of buyers throughout this crisis:
I've argued since the beginning of this decline that buyers have been present on each and every gap lower. I kept saying "somebody is buying"! Well, I believe we're now realizing that institutions have been buying into the media-induced panic. Once again, the Volatility Index ($VIX) soared to mark a major stock market bottom. At EarningsBeats.com, we've been hard at work, analyzing the action
over these past 7-8 weeks and we've created two ChartLists, a Strong AD ChartList and a Weak AD ChartList, that can benefit those with a short-term trading mindset. As conditions change, we'll change with them, but for now these two ChartLists provide excellent trading ideas.
If you'd like to learn more about how EarningsBeats.com can help you navigate this short-term crisis, consider taking a fully refundable $7 30-day trial and join us in our WebinAR (WAR) Room on Saturday at 2pm EST. Hope to see you there!
Happy trading!
Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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