Are You Ready For This Quarter's Earnings Announcements?

It's Earnings Announcement Week - Are you ready?

The Week
Money flowed into the Market this week and changed the look and feel of the charts. All during
the chaos of the past month as the Market tried to find its footing after the hard down, it made
trading a struggle. Now with the changes, I feel excited and hopeful. Trading should be easier
and profits percentage will grow. Note the higher volume on the chart below as money flowed in.

Looking Ahead
It is the heavy week for earnings announcements this coming week. Technology companies are
struggling and seeing sell offs as traders take note of companies’ projected forecasts for next
quarter.

Other sectors of the Market are doing well. Of course, the democrats have put a spin
on what we are seeing. With the mid-term elections looming, they are saying the ‘recession” is
over and the economy is getting stronger.

I do agree that many companies are doing well and
growing. However, globally we still facing same dire circumstances - shortages of food and
energy with higher gas prices effecting the supply chain. The FEDS are still saying they are
raising interest rates in November by .75.

Happily, the usual Santa Claus effect of November and December is apparently going to
happen again this year. But look out January. It could get really rough once again. My plan is
to take advantage of the good times for as long as they last.

How do I Do This Week?
Pretty good week for me. My account balance was static as I started putting on more Money
Presses. (Long term Credit PUT diagonals). This happens because buying the Long PUTs
three months out cost more than I am able to collect selling PUTs for the current week. In about
two weeks that reverses. If the Market stays steady going up, in two weeks my account balance
should start shooting up.