End of day fade
The underlying breadth is good , but a little more conviction is needed. The action on individual stocks looks attractive. Number of them are breaking out on good volume. The oil and gas stocks have had best month or so .
The international market ETF have found a bid and many of them had huge moves in last 5 days.
2 comments:
You've mentioned a few times on your blog that for earnings surprises you don't consider stocks with earnings of less than 5 cents, but it's not clear what you mean by that. Are you referring to the earnings before the surprise, or after?
5 cents refers to earnings per share. So let us say if a stock has earnings per share of 25 cents and hen it has big earnings surprise of say 30 cents that is good. A stock with say 2 cents earnings per share surprising by 3 cents is not a big deal.
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