TRADING TIPS

This Makes Zero Common Sense Sometimes

Hey guys, Hubert Senters here with your Daily Wealth Journal and your market recap run down so obviously the markets were a little mixed today. The Nasdaq finished up 97 points and you’re right in the middle of some aggressive earnings. Some people are going to meet and it’s going to go down. Some people are going to miss and it’s going to go up. Some people are going to meet or exceed it’s going to go up. It doesn’t make a whole lot of sense. I know. I’ve been doing this for 30 years. I don’t really particularly like trading right before the earnings just released. I like to do it after because you never know which way it’s going to go. So let’s take a look at Dish, DISH and it came up on my scan on a 60 minute scan. Obviously, it’s up 4 bucks but on a 60 minute scan right here you can see you could have got in earlier at $38.57 and you could round it all the way up to about $40. And it acts like it’s going to go a little bit higher. Anytime you get an hourly chart close above the cloud with one, two or three bars it tends to continue running in that direction for the next three to five days. Good luck. Hope it helps. See you on the next video. Hubert.  

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