Big football games. Big corporate earnings. Earnings season is still going strong and the market reaction will continue to be guesswork. Will we get reactions like $AXP or like $INTC? It’s risky making an investment ahead of an earnings announcement. Many folks recommend against it. I tend to avoid doing it – but not always!
I’m continuing to invest in strong stocks and mostly trading a little here and there. I’m a little more than 50% long right now.
There are also more articles out there about how the market is about to tumble, perhaps encouraged by poor earnings numbers. (More on this later…)
But lets not get too far ahead of ourselves. Monday is Martin Luther King Jr. day, and the markets are closed. We all have a chance to catch our breath and pause for just a few seconds before the data onslaught!