I added some information relating to the next "earnings wave" that arrives in July. You can see the rough outline (copy of the last one) of the next "earnings dates".
Look how the market is moving along the "KEY LEVEL" marked with the red-line "18101 KEY" above.
I also highlighted the daily bar when earnings came out so you can see that the market has really just come back to where the market was when the recent quarterly earnings were announced.
KEEP IN MIND: The Key Level doesn't change until NKE reports earnings on/around June 19th.
timwest
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The market continues to just oscillate around the KEY EARNINGS LEVEL - fascinating. Click on "update chart" to see.
timwest
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I am keeping a spreadsheet at Google Docs - and have seen an interesting trend so far of oscillation back and forth around the "KEY EARNINGS LEVEL". What I have found is that if you do the following, you would have made money in the past month:
Hey, nothing like backwards engineering!
1. If the market is below the Key Level, BUY.
2. If the market is above the Key Level, SELL & then SELL SHORT.
3. If the market falls back below the key level, then COVER and GO LONG.
This would have generated a return of a couple of % in the last month. Not bad.