These were my predictions two hours before closing
AMZN reports AH crash burn,
BRCM reports AH crash burn
COF AH crash
AXP AH crash
MSFT, reports AH crash
5 out of 5 right–ain’t bad
if I weren’t batting better than 50/50 looking these things up—–
I’ve been batting better than 65%-70% for two years now—
So, there is quite a bit of back testing–
Here’s the yahoo page
This is so totally teachable–
I wonder how much it’s worth to someone?
make me an offer!
or go to the members site
If you think I’m lying go to this link—
Earnings topped analysts’ estimates by an average of 15 percent for S&P 500 companies that reported quarterly results since July 8, according to data compiled by Bloomberg, with 35 out of 43, or 81 percent, beating estimates.
Analysts forecast profits fell an average 33 percent in the second quarter and will decrease 20 percent from July through September, according to Bloomberg data.
Book profit (-33%) means DIA is only worth 77 , but 15% increase in EPS, gives a possible July target of 96–
So that’s the conundrum—
Based on revenues–The DOW should only get to 9160 MAX and then fail—
Based on EPS–DOW should get to 9600 and then fail–
Based on general weakness in the economy–the market should correct 10%-12% from the current prices–7700 or so.
I think the market will stop going up at IWM = 54 or even today’s 53
With more earnings coming in this week and next week,
and if the current trend ( beat street by 15%) continues,
It’s going to be harder and harder to find companies to short ahead of earnings—