OSTK, and INSP (today's list) first for 28th. Let's see how these nets do then we have ASKJ. The best way to trade is take them the day or two PRIOR to the report so you can get the earnings run. Note the earnings run in RETK today, I know other companies moved but here was one "anticipated" that just fell right into our net without having to chase hundreds of movers that caused traders to have overinformation and they ended up in some cases with nothing because of so many possibilities trying to analyze entries and what's even worse follow others into stocks that had already hit intraday highs.
One of the most important directions you can give your traders is finding NEW support targets for stocks that might have moved lower into the first reversal period. Folks often buy dips to get bargains and if you don't UPDATE your triggers (what's worse is if you have triggers long and short, then you end up shorting at support right at the CHANGE OF TREND). You need a plan and with our plays you can easily reset triggers (some didn't needto be reset) as long as we had the right direction.
We overestimated the downside today on our swing tech shorts, but heck the moves in SNDK, CCMP, CA (even KLAC and QCOM) LRCX were so excellent to the downside we were a little suspicious of the rally but we were stopped out at very profitable areas or just closed the last bunch of puts. Our moderators are instructed that MOST TRENDS CHANGE by 9:50 to 10:00 (usually they are exhaustion moves of prior days trends) That is to the upside as well as downside. BOUNCES OFF support at 20 ma breakouts with confirmation by oscillators and intraday fibonacci retracement is an almost fool-proof way to trade COT (change of trend) and that applies even more strongly for EARNINGS PLAYS.
