The market continued its impressive snapback last week, and as we emerge from earnings we’ll have a better idea where it wants to go.
As ever this earnings has witnessed its winners and losers, but you’d have been hard pressed to second guess them. There are a couple of stocks (watch the video link below) still to report that look attractive, but you’d be brave, if not foolhardy, to take a chance on them. If you fancy a flutter make it just that, a very small flutter and nothing that could hurt you if the report goes the wrong way.
Overall there aren’t many great patterns out there right now and while you could miss the odd big move, in this market I prefer to stick with the patterns that have served me so well over the years.