You gotta love the market with all of its ups and downs! Below is a snapshot of today’s (August 10, 2010) S&P 500 action from the perspective of our dear friend the 5 minute chart. And you thought the market made sense.
Crosshairs Traders track earnings dates for two reasons: 1) to take advantage of increased volatility ahead of earnings, and 2) to remove the element of surprise when deciding to either hold on to or enter a position. An earnings report, when used properly, can provide an opportunity to make a profitable trade; when used improperly it is nothing more than a gamble.
