Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

3:30 no buy programs yet, and nasdaq still hovering over the 2004 mark and could conceivable close BELOW 2000, so any buying dips is not recommended. We DID NOT have the usual buy off support like we sometimes have at 2:00 p.m. MO (Atria Group) representing the DOw today on our list was huge ( NOVL huge representing the nasdaq which otherwise there was absolutely no long play once again in technology at least for us) with CCMP and SNPS leading the short brigade.

We are looking for more shorts in the retails sector this week as well as a possible trend change in the building sector. NOTHING IS BEING BOUGHT while its still in corrective mode although did start some small straddle in one of my favorite building sector plays.