The Market Is Hurting... Let's Keep It Simple
The only indicator you need to track to sniff out a market bottom
Today at a glance:
Market bottoming playbook recap
7 names that have caught my eye
Free Earnings Gap Up Email Course
Let’s dive in:
The Covid Bottoming Playbook
If we look back at Covid, there were multiple gap ups on positive news that continued higher (TWLO, PINS, FSLY, LVGO (rip!), etc…). These reactions told us that institutions were ready to accumulate on good numbers, which is what we’re not seeing currently.
I studied the examples above (and 1000s of others at this point) to create an earnings gap up playbook that is my go to money maker in the market. I’ve put together everything I’ve learned & know about this setup into a FREE 5 day email course. If you’re ready to catch a major market turn trading gap ups, and want to hone in on your skills, don’t hesitate to get access to that course here:
For the market to bottom, we need 3 things to happen:
Companies need to beat & raise on earnings
More importantly, the market needs to positively react to these numbers (gap ups on major volume!)
Gap ups hold, then follow through on days 2 and beyond
If all 3 of these are true, the market will have ‘bottomed’ in my eyes. Are we there yet? In my eyes, no, but there ARE 7 names I’m watching:
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