Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Nq's and SMH (38.61) found support at the 38% retracement area just as we suggested they might and now need to take out the rising 50 period ma for a continuation of this new bounce. Suggestions were made as to the SMH and a bounce here at this support level it could continue through the 50 ma, here is a genuine buy set up with support/resistance areas planned.