Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

1:00 PM EST Marketgems market Commentary:
After gapping down, the market rallied to levels near yesterday afternoon's trading range, but not being convinced (except for the building sector and a rally in VRTS, we continued to short rallies). The semiconductors are the weakest sector today and our short/put plays are giving extraordinary gains. We do like the financial service sector/building sector, education sector and pharmaceuticals and might have some plays there as well. Still expecting by 2:00 to continue shorting rallies as short covering is setting up what looks like "BULL TRAPS"..in the technology sector. BONA FIDE rallies are those other sectors we mentioned

Marketgems will be posting some new plays for the last heavy night of earnings season by 2:00 in the real-time chat in time for some earnings runs.