Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

ADI perfect bullish marabozu target hit. Since we got our price targets from 2/05 in many of our earnings plays we can relax and play more 'anticipatory upswing' inthe morning. ADI had a really nice move and here the calls were picked up and ADI was a perfect bullish marabozu today and was 'inflicted' on our traders 2 days in a row on charts, but it was worth it. Ironically WE HAVE NO POSITION in DELL although some straddle was suggested in HPQ we feel it will now be up to DELL to keep the market up. As is our strategy, we don't care that much as long as we are on the right side of the trend and the move is enough to keep a net gain on the straddle (should we choose to do one through the report)and the "anticipation" in the days prior to the report.


Without charts and support/resistance areas both intraday and end of day (daily charts like LEH) there is no way for traders to know where to enter and what is the trigger. Seeing the market up 123 is always nice but we do about the same in up markets as in down markets anyhow.