We spoke about this trading rule yesterday with regard to retail earnings. And we gave you two examples to keep an eye on. And today we see the importance of the rule … Two big retailers, Target Corporation (NYSE: TGT) and Lowes Companies Inc. (NYSE: LOW) released earnings today. TGT didn’t do very well. LOW beat expectations. If you bought shares of TGT last night expecting bullish data. You’re a fool. And we don’t say we didn’t warn you. The share price dropped +16% in premarket. Here’s a chart … |
If you bought shares of LOW last night expecting bullish data. Congrats, you won … this time. What happens when you lose? Don’t gamble on catalysts. There’s no sense in it. And look, even after the market opened, there’s already been at least a 4% upside so far. Here’s a chart … |
