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Dear EarningsBeats Member:
Traders are getting ready to take a day off as he market is ready to close for the 4th of July holiday.with the S&P having reached an all time high. And now we're one day closer to the kickoff of earnings season that will take place the week after next. And, with the first half of the year now behind us, what might the second half bring us? Well, we're going to get more than a glance of what to look for when Tom Bowley of StockCharts.com joins us next Monday for his "2019 2nd Half Market Outlook" that will include discussions about positioning for a major market move higher, areas to avoid and establishing a winning portfolio of relative leaders in a strong bull market. This webinar is exclusively for EarningsBeats.com subscribers and we want as many people as possible to attend. So we created a 4th of July Special that you can learn more about by clicking on the link below:
https://www.earningsbeats.com/public/4th-of-July-Special.cfm
You REALLY don't want to miss this one!
Patience CAN Pay Off
Back on May 29, we issued a trade alert on OMC after the stock had made a sharp move higher after it reported earnings and then pulled back to test its 50 day moving average. The entry price was $77.36 with a closing stop of $76.40 and a price target of $84. The stock tested that $76.40 level a few times but held. Then it slowly started building steam but looked like it might be stalling. Then lo and behold it worked its way to within pennies of the target yesterday, taking over a month to get there but showing that patience sometimes can indeed pay off!
Happy 4th!
At your service,
John Hopkins
EarningsBeats
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