- Written by OptionDave
As we are sitting in the heart of Earnings Season right now, I would like to take a timeout and see how things are shaping up for certain Market Sectors, and re-visit some of the trades ETNtraders are in right now that are producing very nicely for us. With Bearish trades going on IBM, HPQ, GOOG, MCD and MSFT, Non-Directional trades on COH, CREE, SBUX and NFLX and with additional Bullish trades on NFLX, MA, DFS and others, Earnings Season is looking to be an extremely profitable one for those following the ETNtrade System. So far, our post-earnings trades are 6 for 6 this week. Add to that a few Technical Trades that are looking great, as well as a handful of Earnings Trades that have not yet announced, this could end up being the best week ever at ETNtrade.
I apologize for my optimism, but as a REAL TRADER, I know what it feels like to get in a slump. That is why we discuss "Righting the Ship" in Class #7 of the Boot Camp Training. Last week was not our best (but still profitable mind you), so I assumed this week would be a good one, because statistically speaking it should "always come out in the wash". It looks like we are right there. Our Mock Portfolio is already primed to add on about $14,000 this week already (on a $100,000 mock portfolio, you can see why I am so happy). Now, I KNOW we will have some losers too, as that is simply a part of trading, but with big hitters like 210% ROR on IBM, we can handle a few bumps in the road.
As for the Sectors, Technology has taken its lumps (IBM and INTC both getting hit hard). Financials started off soft but then rebounded nicely, to include Credit Card Companies such as MA who just went through a 10 for 1 split today that ETNtraders profited 150% on. Retail started off at a turtle's pace, and though optimism is out there, they have yet to blow away any of the expectations set by the Market. And while we are on that subject, you do know how to measure market sentiment using options, right? If not, you absolutely need to get to the Boot Camp Classes which start this Tuesday, January 28th!
I look forward to carrying this momentum forward with our Members in next Monday's Live Trading Class. If you are not already a Premium Member, what are you waiting for? Register for the Free Session in the box on the right of this blog, or contact me at Support@ETNtrade.com to set up a free consultation. There is no better time than now to be an ETNtrader!
Happy Trading Everyone,