The classic breakout trade is a favorite of swing traders. My favorite variation of the breakout setup is the earnings breakout. The beauty of this setup is it works in any market at any time.
Next week I will be teaching this setup in the 60 day bootcamp, going over the finer details of 5 different long setups and 1 short setup related to earnings. It is the most in depth analysis of the earnings breakout that you will ever see.
NOTE: On June 1, for the first time I will be joining the 60 day bootcamp for 3 days of in-depth swing lessons ! Join us here.
In today’s video, I give you a taste of the earnings setup with current Trade Report position Facebook.
In this video you will learn:
- What to look for on the day of breakout
- The importance of the 9-ema
- How to set targets
- Details of the breakout-pullback
This swing trading service is great for those that work and can’t monitor the computer all day. We have in-depth nightly reports on the gameplan for the day/week and all stock picks that I trade will be alerted and emailed to you.