Yesterday we discussed how the Trade Triangles can help you take advantage of earnings. We had a lively discussion on the blog, with many members asking and explaining how the Trade Triangle technology works during the earnings season. This morning I randomly picked out four well-known stocks that reported yesterday, they are: Tesla Motors Inc. (NASDAQ:TSLA) Baidu Inc. (NASDAQ:BIDU) Cisco Systems Inc. (NASDAQ:CSCO) Whole Foods Market Inc. (NASDAQ:WFM) Now, I picked these stocks out of a whole bunch of companies that were reporting earnings yesterday because these are well-known names, have good volume and are well-followed by traders. Here is how the Trade Triangles were positioned in each of those stocks before they released their earnings after the close yesterday. Tesla Motors Inc.(NASDAQ:TSLA) Sidelines Baidu Inc. (NASDAQ:BIDU) Short Cisco Systems Inc. (NASDAQ:CSCO) Sidelines Whole Foods Market Inc. (NASDAQ:WFM) Long You would have been on the sidelines in two of them and held positions in the other two. You would have taken a position only if the weekly and monthly Trade Triangles are the same color. You would then exit the position on the close of business the next day. In today's example, we would be short the stock Baidu Inc. (NASDAQ:BIDU) and would cover this position on the close of business today. We would be long in Whole Foods Market Inc. (NASDAQ:WFM) and would sell out of that position on the close today. The other two stocks, Tesla and Cisco, we would be on the sidelines and have nothing to do except see how the market reacts after the earnings are reported. I am writing this blog post well before the market opens, so we'll just have to see how these four stocks play out.
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