Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Strong bunch of earnings plays called into the close. We should have some good moves tomorrow! Not just nasdaq we like the INDU quite well. We also sector hop and have diversified earnings plays. Minimum outlay of cash controlling over 20k shares of stock here. If they go well, like PCLN, we buy the actual stock in a gap 'n snap, if they don't we short risking little up front. Usually 11:00 is area where even the worst gaps 'n craps begin to recover sometimes as much as 2 points (i.e. GRMN, CMCSA) WE LOOK FOR THE LONG LEGGED tail usually atop a hammer climactic sell followed by a bullish harami, bullish engulfing, piercing lines and other candlestick reversal patterns confirmaton is by a momentum or oscillator note below the stochastic rise) a confirmation of this move will be continued upside through the 20 ma on 5 minute chart (VERY STRONG STRATEGY FOR INTRADAY BOUNCES IN GENERAL) through the retracement areas until one fails us.