2010 Q3 Earning Season

By Lawrence

Earning season is here again and its bias is in play.

The game plan for most of the days will be looking for reversal to take the market (S&P 500 only) back to the open range, especially when there are important earning reports that day after RTH.

For those days that open without much buzz (no major gap, no significant run in open range, etc.) then you can forget about trading those days as they will likely stay tight range during RTH.

For NDX and NQ, they are momo animals thus the reversal play does not work as well.