Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

FNM (or the 70 Sep calls or 75 October calls) broke nicely now I would expect this "CONTINUATION" play to move in the prior direction before the consolidation and "pause" at the 100 ma. We should move to 70 (breakout area) and good to go to 72. Take one step at a time though. Lovely hammer on the 100 day ma is perfect.. this is the breakout. If we could take out 70 without pulling back much, it might be a good idea to hold at least through the afternoon bounce (2:30 to 3:30)

"Fannie's" weekly chart looks very good here.