It’s trade wars versus earnings season, so far earnings season holds the trophy.
The SPY ETF approaches $284 this morning with all-time highs in it’s sights.I remember back in the day when nothing happened during August. You could safely go on vacation and not miss a thing.
Swing trades in the indices continue to frustrate but stock specific ideas have generated plenty of cash flow. Could we hit resistance this week and fall back to 280 in the SPY? Yes of course, BUT…
You better be ready to make your month if we break through.
No excuses. Better you are prepared for an opportunity that never comes than not prepared for one that does. Forget the calendar, read the tape.
Mosaic (MOS) to Post Q2 Earnings: What’s in the Cards?
The Mosaic Company (MOS) is set to release second-quarter 2018 results after the market closes on Aug 6.
The fertilizer maker swung to a profit in the first quarter, aided by higher realized prices for nutrients and improved market conditions. The company logged a profit of $42 million or 11 cents per share, against a loss of $1 million or break-even per share recorded a year ago.
Adjusted earnings of 20 cents per share for the first quarter, however, trailed the Zacks Consensus Estimate of 24 cents.
Adjusted earnings were affected by a delayed spring season and weather-related issues that hurt sales volumes for phosphate and potash in the quarter.
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Today's Trade of the Day | 8-6-18
JPM - JP Morgan Chase order flow solidly in place ans the stock price approaches the $118 level. With 2 well-bid days under it's belt I'm expecting one more day of cash flow trading then a pause at the resistance. After this pause I'm game planning a new swing trade long with an ultimate target of $126. Keep it in your tracking journal after today's momentum trade slows down.
Stocks to Trade | Monday Edition 8-6-18
Bullish Cash Flow Trades: DISH, KHC, TNFM, IBM, GIS, K, PBF
Bearish Cash Flow Trades:tsro, iq, cxo, htht, bzun, atvi, nlsn, spot, exas, etsy, crzo
New 20 Day Breakout: KHC, TNDM, GIS, CPB, ZTS, TSLA
New 20 Day Breakdown: tsro, nbl, atvi, lng
Double Normal Volume: AABA, TSRO, ATVI, TWO, TNDM, LNG
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