Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

CVX, XOM BJS, (XOI and OIH) have broken out strongly with BJS today's long on watch list (with sorry few longs in anything nasdaq related) (PETD gapped up) if I were to choose a good sector it would be the OIH and the XOI. We don't always like to chase more than 2 trends a day (something traders like to call "scalping" but in reality its knocking your head against the wall, subsisting on an afternoon pack of Dipsy Doodles, ring dings, with wine and a Mylanta chaser, and sometimes a little stability is mighty fine. I had a a scalp free session, a home made fruit smoothy with no added sugar, a house salad with fat free Paul Newman dressing, no ring dings, no wine, no Mylanta and certainly no Dipsy Doodles. no investments at this point, clawing to get back losses, after closing December's plays back in 96% cash after some intraday shorts in technology were covered.

Might not be the first one on board a new trend, but if the moves today in our building and oil service stocks were any indication we'll do fine not holding the likes of KLAC, KLIC, BRCM, CYMI, SLAB or another blimp.