Today, we get Apple's earnings. If you have been paying attention recently, many reports have come out saying their production line ain't so hot. There's even a report about declining Apple watch sales. We will of course find out what tricks Tim Cook has up his sleeve later when we see the earnings numbers come across.
The market has a memory of a goldfish. Timmy said last earnings that they expect declining earnings going forward. If anyone cared to listen to what he said, he also mentioned to not expect great things for 2016. Again, we will have to see what happens.
I already have a gameplan in place and my clients have been informed as to what I'll be doing for earnings. I was one of the few people brave enough to short Apple into earnings last time. If you are long Apple, I would hope you have a good risk management strategy in place because you never know what will happen.
Additionally, the Apple launch event is just a little over a month away. We are selling our reusable guide for a meager price of $500. Click here for more info.
If you want to backtest our strategy I strongly encourage you to get our guide. Good luck today and for the next month!
Traders from Equity Sense will be writing on this blog on positions and other market-related things.