This week is the third week of this earnings cycle. The pace of announcements will pick up sharply. However, it's best to hold off on considering new positions for the next week or two. As the following seasonal chart shows, the NASDAQ Composite, over the next three weeks, has a track record of nearly no movement, on average.
There have been a few large moves, but in most cases traders the index didn't produce significant gains or losses. The risk (of an adverse move) is significant; the track record of a net gain is poor. The other major indexes have similar track records. I will however use the time to look for good trade candidates to keep an eye on.
Of course, there's much more you need to know and many more stocks you can capitalize upon each and every day. To find out more, please click on the following link: www.markettamer.com/seasonal
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