Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

GS, MCHP, IBM Some of today's intraday charts to our subscribers depicting the short trek and the hard job they will have moving back up some (IBM, GS and SNPS) were rather good considering. and we are following those charts as well. 3 new put plays today. Not enough to throw out some triggers and just let folks fend for themselves (Ironically once again the long triggers were shortable so those that didn't watch multiple time frame charts might have gone long at the open as their "TRIGGERS" triggered them into "what a fine mess, you got us into now, Ollie" kind of trades.

We now have
making now 6 puts plays and 2 call plays. (Call plays have already given us gains but the incremental holds (25%) of the positions held are eroding those gains)







SUPPORT TAKEN OUT TODAY expecting the 30.60 area to be compromised (that is next support) this chart depicts the 5-minute intraday retracement (going down the short) and the hard trek up (all charts came with detailed instructions, explanations, etc)

marketgems staff