Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

12:00 PM EST Marketgems Commentary: AMZN reeks havoc!

A SHORT THE RALLY day (what rally?)
The market's early weakness has continued through the morning, with all major indices either trading near their lows or FAILING at pattern failures after weak attempts to rally (we are recommending shorting rallies especially in technology). TECHNOLOGY is weak as water, and you might add the biotechs and pharmaceutical and Software weakness as well.

CECO was tremendous today, another SLAB and we bought the Asians right at the 5-minute reversal (possibly due to my quick sell of the puts picked up yesterday).
3 more put plays picked up this morning for earnings. 3 MAJOR plays on today's watch list triggered short and PUTS WERE PICKED UP to hold through the report. We did have 5 trigger longs (that includes the 3 Asians) today which was miraculous and held partial positions in 3 of them (or whichever the subscribers chose to pick up) through 11:35 (with trailing stops not even hit yet for a sell)