Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

AZO.. there you go. Now we might have a gap 'n crap scenario (like PALM) if the analysts downgrade it in the morning. There still might be a recovery with 3 bars of lower lows and a possible COT (change of trend bar) the 3 or 5-minute charts. At the same time, we put YELL/ROAD on our scopes also in case they recover first. Now CAO is sitting on the 'wrong side of the track' just below the 20 ma (16.35 is the ma) so that might be added as well.


I find I can weed out all the "noise" and overinformation of the day by concentrating on my stocks and sector of choice. When BSC reported I was hot on that sector. Before BSC reported I was long GS, so essentially we dance to a different drummer. Always I will watch my two favorites MERQ and SNPS for recovery as well. I don't need for the most part to have them take up place on the watch list. Last night I had a feeling we'd have some good volatility in MERQ today so it was good enough to post in its own little watch list space.

Those holding those 90 puts just be prepared in the morning for the open although depending on how AZO moves down in the morning, it will probably open even lower than it is trading now!