Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

MXIM is still holding on but the fact that it moved down from 48.29 to 47.17 might be an indication of things to come. Ironically the calls we had yesterday were better until 10:00 but they're gone now. What I suggest and I didn't do yet myself, is watch those spike highs and look to short at the next pullback from spike high. Another option is to buy the bounce off the 50 ma, but I don't expect the bounces will be that good from now on.