This has been an ideal market for professional momentum chasers like me. For last several weeks the market has rewarded momentum. Many traders are skeptical of momentum strategies and which is a good thing. That is what makes market interesting. And creates profit for momentum traders. However, studies after studies show that the only persistent anomaly in the market is momentum. If you study the momentum anomaly and various research
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As a trader we are interested in quick moves and when it comes to quick moves market tends to reward certain things. Earnings surprise: In the short run as well as in the long run a significant earnings surprise will lead to a rally, if the surprise is not priced in to current price. If you see the list of stocks up big in last one quarter you will see
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