Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

QCOM and SNDK continued gains ahead probably (at least through 10:00 a.m. tomorrow, we have already discussed out targets for SNDK and will be updating our index charts tonight as well) Once the 200 ma was tested and finally succeeded to hold up, the SMH soared taking virtually every sector with it for the most part. Airlines led today's rally and AMR was on a list Tuesday, but since we don't post both long/short (well we know its going either up or down) it was invalidated on Tuesday. Of course Individual traders can do as they wish, but our policy is to keep it simple (as much as possible considering the huge market moves both to the downside and upside)our charts will show the support/resistance areas even if we are bias to a particular direction. all 7 of our main plays were LONG SET UPS (only the SMH was obviously an important day and pivot)however even the daily chart and 15-minute chart we had bullish set ups (only weekly we considered with potential downside today)

QCOM just upside


NVDA and ATYT just upside


SNDK just upside