GUY COHEN’S TRADE RADAR As Predicted, a Choppy Earnings Last week’s forecast of a choppy earnings season was accurate, with market direction being ambiguous. This week we need to see if there’s any follow through from Friday’s bounce. Until then, it’s premature to commit to a definitive market direction.
As per last week, there are a few decent individual setups that we can look into more closely. Several played out very well, including BIDU and BABA, which we highlighted uncannily, though their gap-ups made entries tricky.
And as I’ve mentioned over the past few weeks, my expectation that this market pullback would NOT turn into a capitulation looks well judged. Follow the money,
— Guy Cohen
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