I'm especially interested in Wednesday's and Thursday's earnings reports.
If you follow my weekly watchlist, you know I'll be watching Apple Inc. (NASDAQ: AAPL) and Amazon.com, Inc. (NASDAQ: AMZN) closely to see how the stocks react.
Go back and check your inbox from Sunday if you want to know my game plan for those two stocks.
Meta Platforms, Inc. (NASDAQ: META) reports earnings tomorrow after the close ... I got a lot of questions about this one when it tanked with the market and made new lows.
Plenty of traders wanted to try and guess the bottom and dip buy it. That's not how I roll…
If META doesn't fall victim to the same fate as Snap Inc. (NYSE: SNAP) last week, I'll watch it for potential strength.
It has a nice base formed at the 52-week lows near $156. And if it can get above $185, it's interesting for a potential bounce to the $220 area.
Ford Motor Company (NYSE: F) also releases earnings after the close tomorrow. Tesla, Inc. (NASDAQ: TSLA) had a great move on earnings last week. And plenty of SteadyTrade Team members caught some of the 10% move…
So if Ford has a similar reaction to earnings, I'll watch it for potential breaks above $14 with risk in the $12 area and a goal around $20.
But remember that trading these higher-priced stocks requires a bit of an adjustment in your trading style.
You won't see a stock like Ford move $6 per share in one day. You must…
Think Longer Term
A lot of these large-cap stocks offer better swing trade opportunities. That's because they don't have as volatile moves as low-priced penny stocks.
But you can still get nice percent gains out of a swing trade. And you don't have to deal with massive price swings and getting stopped out of trades.
If you want to learn more about swing trading — watch my swing trading 101 video series here.
But if you want to stick to volatile penny stocks — don't miss your chance to grow your account by 10X over the next 46 days…
This only happens during rare occasions in the market. See all the details here.
Have a great day my friends. I'll see you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade
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