After the close of business today Apple, Inc. (NASDAQ:AAPL) will report its fourth quarter earnings. I thought it would be interesting to go back and look at the last three years to see how you would have done if you just used this simple trade strategy.
The premise is simple, when both the weekly and monthly Trade Triangles are in sync, i.e. when they are both in the same direction, you would take a position on the close in the direction the Trade Triangles were indicating. You would then exit this position the following day on the close.
So here's what is needed to make a trade in Apple before today's earnings report is released. The position is taken the day Apple, Inc. (NASDAQ:AAPL) releases its earnings report, i.e. today.
(1) Both the weekly and monthly Trade Triangles are in sync.
(2) Take a position on the close in the direction the Trade Triangles are indicating.
(3) Exit the position the following day on the close.
These are simple, straightforward instructions. As an old mentor of mine used to say, "They don't pay you any more for making it complicated."
So how has this worked in the past? Continue reading "How To Trade Apple's Earnings Today"
