Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Building sector. RYL report coming out soon today and PHM reports tonight. Shorting the highs on Builders 3 days in a row but maintaining tight stops (which we posted) after gains. We might reshort a move to intraday highs, however with the RYL earnings coming out today and the PHM tonight, these are wholly scalp plays. Amazing enough the building sector p/e are UNDERVALUED and PHM is an earnings play for UPSIDE first (downside will come later)