INO.com Trader's Blog - Expert analysis, charts, trading tips and videos.

Earnings Calendar for March 2022

Posted on March 4, 2022 by The INO.com Team

Just like the weather, March earnings will come in like a lion and out like a lamb.

Over 1,300 companies are scheduled to release their quarterly financials in March. Many of those hit the wire early in the month.

That means March is still primed for earnings plays - that is, if you know what to look for.

INO.com's Drift Trader helps subscribers get a jump on stocks that may swing after beating analysts' EPS estimates. Learn how to find these picks with a free test drive to Drift Trader.

Most Anticipated Earnings For March 2022

Below are some of the most anticipated earnings announcements for March (click to download a printable PDF).

March 1 (≈183 announcements)

22nd Century Group (XXII)
AutoZone Inc. (AZO)
Kohl's (KSS)
Salesforce.com (CRM)
Wendy's Co (WEN) Continue reading "Earnings Calendar for March 2022" →

Behind Wells Fargo's Crypto Report

Posted on March 3, 2022 by Wayne Burritt

As you know, if you've been visiting here over the past year, we've had a ton of fun looking at how some of the biggest financial powerhouses are approaching cryptocurrency and blockchain investing.

Most recently, investment banking behemoth Goldman Sachs said that Bitcoin (BTC) was likely headed to $100K and above in 2022. When I used a similar calculus to what they did, my numbers were even higher.

We also looked at the bombshell crypto report from Bank of America that said in no uncertain terms that crypto was "too large to ignore." And we also did a deep dive into what consultancy giant Deloitte found when it asked businesses how they felt about the crypto and blockchain space. And the bottom line from that report was that if you're in business and you ignore crypto, you do so at your own peril.

Now, banking giant Wells Fargo has thrown their hat in the ring with what they think about the future of cryptocurrency for investors. And I think you'll be as surprised as I was when I looked under the hood of the report.

So, let's get down to business! Continue reading "Behind Wells Fargo's Crypto Report" →

Dollar-Cost Averaging Into The Correction

Posted on March 2, 2022March 22, 2022 by Noah Kiedrowski

Relentless Selling

The bears have been circling for months and have now mauled these markets into a correction. The linchpin was inflation along with an impending rising interest rate environment. The simmering geopolitical tensions between Russia and Ukraine only exacerbated this delicate market and pushed it into a full-blown correction. Over a third of the Nasdaq 100 stocks traded off at least 30% from their highs, over half of the S&P 500 fell 15% or more while the median biotech stock had sold off by 60%. Massive amounts of market capitalization have been eviscerated across the board, with many individual stocks selling off 50% or more throughout this downward spiral.

However, during periods of market-wide corrections, investors can purchase heavily discounted stocks at a fraction of the prices these stocks were trading at just weeks prior. As history indicates, establishing positions during corrections can lead to outsized gains over the intermediate-term as the selling pressure abates and the macroeconomic backdrop resolves. Portfolio balance is key in all market environments and deploying cash during periods of heavily reduced valuations is essential. Cash can be used opportunistically for snapping up heavily discounted stocks of high-quality companies via patience and dollar-cost averaging.

Repurposing Cash

Deploying cash into an environment where the selling is relentless and indiscriminate can be a daunting task. Continue reading "Dollar-Cost Averaging Into The Correction" →

Major Cryptos Enter Bullish Mode

Posted on March 1, 2022 by Aibek Burabayev

The price of Bitcoin has built two large legs down that perfectly fit the slightly up-sloping trend channel (orange). It means these legs are equal in size. It is a good sign as we could consider the large consolidation as completed then.

Since January 24, 2022, the sharp move up advanced rapidly to hit the new high of $46k last month, breaking above the earlier minor top established on January 13, 2022, at $44.5k. However, despite such good progress, that move could be just a “dead cat bounce.” Later last month, the strong collapse almost proved that. However, it turned out to be a deep retracement as there was no new low. Continue reading "Major Cryptos Enter Bullish Mode" →

Weekly Stock Market Forecast

Posted on February 27, 2022February 25, 2022 by The INO.com Team

This week we have a stock market forecast for the week of 2/27/2022 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

This has certainly been a busy week! A Russian invasion of Ukraine, radical movement in the markets, the precious metals, forex, and crypto.

As I said in my last forecast, the markets are at a testing point. We have deeply bearing energy all coming into synchronicity in the deepest timeframes, and for all practical purposes, we should expect a sustained bear market as we correct and digest the large gains of the past few years.

But we saw another "rescue package" show up on Thursday as wild gaps at the open turned tail and whipped back in the opposite direction.

I have two options right now.

The first is to say, "The Fed just showed its hand, and the fix is in," in which case I would be best served to go flat and look for exposure in the opposite direction.

The second is to say that the spasmodic price action of Thursday wasn't followed by a surge of enthusiasm all day on Friday going into the weekend. Instead, the market popped up in the morning, then drifted listlessly through the rest of the day and into the close. This lack of follow-through tells me I'm not dead yet and that I need more data from next week's trading to KNOW for sure whether there is a new "pump" happening, or was Thursday just a one-day knee-jerk reaction to the news of war in Ukraine.

I'll plan to sit tight in SPY, take some profits off the table in other areas and make a more accurate determination next week.

SPDR Gold Shares (GLD)

Gold finally heated up and broke a major line in the sand in this market at $180 per share. It rallied a bit higher than was totally rejected... leaving an enormous "tail" on the weekly candlestick.

We are looking at a better than 1:1 open profit, and there is a 50% chance that price whipsaws back to test the $165 level, so I think it's time to lock in gains and watch this market for a re-entry after the whipsaw has burned itself out.

iShares Silver Trust (SLV)

The weekly chart of Silver looks a lot like gold, but with some key differences which make me comfortable holding to my original forecast, we are going to break out and run.

The first thing is that this market survived its bearish attack a few weeks ago, and the selling pressure was rejected to form a higher low on the weekly chart.

Second, while the "tail" looks scary, price DID NOT break out like gold did, so the rejection isn't as impactful and will provoke a smaller reaction, so I plan to sit tight and see what next week's action tells me.

LKQ Corporation (LKQ)

LKQ Corporation offered an "easy money" dump the likes we haven't seen in a while. While I still see lower prices, my forecast is that this will take a while, so it's time to cash the ticket and take some risk off the table as we deal with the uncertainty of the geopolitical game of chicken that Putin is playing with NATO, the US and the UN, which should heat up next week.

Stay frosty; there should be some wonderful intraday trends if you are watching the market closely!

To Learn How To Accurately and Consistently Forecast Market Prices Just Like Me, Using Market Vulnerability Analysis™, visit Market Forecasting Academy for the Free 5 Day Market Forecasting Primer.

Check back to see my next post!
Bo Yoder
Market Forecasting Academy

About Bo Yoder:

Beginning his full-time trading career in 1997, Bo is a professional trader, partner at Market Forecasting Academy, developer of The Myalolipsis Technique, two-time author, and consultant to the financial industry on matters of market analysis and edge optimization.

Bo has been a featured speaker internationally for decades and has developed a reputation for trading live in front of an audience as a real-time example of what it is like to trade for a living.

In addition to his two books for McGraw-Hill, Mastering Futures Trading and Optimize Your Trading Edge (translated into German and Japanese), Bo has written articles published in top publications such as TheStreet.com, Technical Analysis of Stocks & Commodities, Trader's, Active Trader Magazine and Forbes to name a few.

Bo currently spends his time with his wife and son in the great state of Maine, where he trades, researches behavioral economics & neuropsychology, and is an enthusiastic sailboat racer.

He has an MBA from The Boston University School of Management.

Disclosure: This article is the opinion of the contributor themselves. The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. This contributor is not receiving compensation for their opinion.