Earnings results: The never ending Oxymoron

Just like the NY Athletic Club, earnings results and the stock run that follows almost always never matches. Isn't that why I always suggest you to stay away from Las Vegas unless your pocket is itchy? If you had an extended run on the same ticker for sometime, that's a different thing and rightly so, you could just hang there with buying some put protection.

I present 2 results on a single day and the way their stocks reacted. IBM delivered a very good quarter yet again but for stocks that have run for a long time before the results, very good simply doesn't translate into after run.

Goldman Sachs on the other hand delivered 2nd loss only in 12 years being on the public stock exchanges. GS was up 5%. 

AAPL earnings preview

AAPL reports earnings after the bell today. The bull bus on this ticker is heavily loaded so much so that if you say AAPL will go lower on earnings to someone, you will be looked like a fool. It is forgotten that AAPL is also a stock which has every chance to fall just like it rises.

In the recent days, AAPL formed a negative momentum divergence. I expect a pull back after earnings. You can also see sort of channel formed, right now AAPL is at the upper range of the channel.

We rarely short at the top. So, this is an advice to buy protection if you are long. If you have no position, please don't enter before earnings.

The day begins with sweet music from BAC and GS though.