Here's a picture of the DOW JONES INDUSTRIAL AVERAGE along with the elements and the dates that they reported earnings and the corresponding DJIA range of the day that earnings were released.
If the market falls when earnings are released, that can sour the mood of the market faster than on other days. If the market rallies on the day that earnings are out, then that can lift the spirits of the market much faster than on any other day.
I simply wanted to provide a more interesting, powerful, intuitive, visually attractive way for you to look at the market chart to help you determine when the market is doing something important and when it is just marking time ahead of the next earnings report.
I could improve this chart more by making the boxes different colors when earnings "beat" or when they "missed", and if they raised guidance or lowered guidance for the upcoming quarter or year.
The "KEY LEVEL" in red is the composite level where the stocks in the DJIA have reported earnings.
Tim 11:29AM EST May 20, 2015
If the market falls when earnings are released, that can sour the mood of the market faster than on other days. If the market rallies on the day that earnings are out, then that can lift the spirits of the market much faster than on any other day.
I simply wanted to provide a more interesting, powerful, intuitive, visually attractive way for you to look at the market chart to help you determine when the market is doing something important and when it is just marking time ahead of the next earnings report.
I could improve this chart more by making the boxes different colors when earnings "beat" or when they "missed", and if they raised guidance or lowered guidance for the upcoming quarter or year.
The "KEY LEVEL" in red is the composite level where the stocks in the DJIA have reported earnings.
Tim 11:29AM EST May 20, 2015
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
