Big Misses!
CAT's earnings are a grave concern as they are generally a good indicator of the Global Economy and the low demand for oil and other commodities led the mega-corp to miss by 20% with a 25% drop in Q4 profits. MSFT and PG were also disappointing but you can watch the MSM for that analysis, so I won't bore you.
What I will tell you is how you can make HUGE amounts of money off this information and that was easy as we simply shorted they /YM Futures this morning in our Live Member Chat Room at 17,550 and already the Dow is down another 150 points at 17,400 for a very nice $750 per contract winner. This is one of the best uses of the Futures, getting a huge jump on people who have to wait for 9:30 to trade the market – HOURS after the news comes out.
Of course we got the MSFT news last night and MSFT is a Dow component and, of course, 17,600 is the Must Hold line on our Big Chart, so it was a natural shorting line, per our 5% Rule™. Now that we've had our morning fun, we'll have to see what sticks but we already shorting the Russell (/TF Futures) at 1,200 as well as we don't think much of the data we're seeing so far:
Even as I write this (8:07), /TF is crossing below 1,190 (now our stop), which is up $1,000 per contract since our live call to short it in chat at 6:49 this morning (sent out to our Members as an Alert). What can be more obvious than shorting the Dow when 3 Dow components miss on earnings? This is what we teach our Members to do at Philstockworld – obvious stuff that makes money!
IN PROGRESS
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