To my mind, the earnings season actually begins this afternoon. All the bogus bank earnings don’t mean much to me, because when you’ve got an multi-trillion dollar backstop from the government, you aren’t running a business. You’re just in charge of a government agency. The real businesses start reporting after today’s close. Below are three of note. The first is United Airlines.
The second is Netflix, which at one point was pretty much the most important earnings report of the quarter, but has fallen from grave quite a bit. Still, it’s a fascinating chart. I have no position, but I’m inclined to say it’s heading lower.
The third, and the most interesting to my eyes, is Intuitive Surgical. Again, I have no position, but my hunch here is as surprise to the downside. I’ve anchored the horizontal line to the island reversal pattern.
Please remember the absolutely treasure chest of tools here on Slope related to earnings, the most important of which are housed within this one tidy sub-menu:
