
Quote from S2007S:
Not only will IBM earnings out Monday set the tone for Tuesdayâs trade â but they could set the tone for the next 5 weeks.
At least that's what a research note from Bespoke would suggest.
As you may know IBM [IBM 137.19 -5.64 (-3.95%) ] reported after the bell - but what you might not know is that IBM's one-day post earnings direction is same as S&Pâs direction over next 5 weeks 80% of the time, according to Bespoke.
In other words if we see a gain in IBM on Tuesday we should see a gain in the S&P 500 over the next 5 weeks, explains host Melissa Lee.