Earnings

The early reports of this earnings season have been supportive of my correction expectation. Earnings have been beating the lowered estimates (as they always do), but revenue growth has been anemic and the outlooks pretty meh. As planned, I did buy a 25% long position at yesterday’s close (1541.6) in my big slow account (just in case my analysis is wrong), but my trading accounts are in cash and I’ll be looking to reshort if we get back up near 1570. I also took the cautious route and dumped my AAPL this morning at 398.50 for -6.50. Earnings are Tuesday after the close.