Here's the twilight zone of earnings, yesterday INTC, one of my two earnings picks, beats on a 48% jump in profits coming in at $.59 a share rather then consensus of $.53-a solid performance, yet this was a short call. I already explained this once, but as their will be more earning's season trades, understand that the call is not for strong or weak earnings, it's about how it looks like the stock will react after earnings. INTC had every reason to debut today with a strong open, instead it's already down nearly 1%on some of the heaviest volume of the last two months. So in conclusion, don't react to the after market or premarket activity unless it's in your favor, because that is retail reacting and what we are trying to follow is smart money, which will react during market hours. Thus far INTC is a success, lets see how JPM fares today.
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