Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

PATTERN FAILURES: All puts (June) picked up held May puts in RYL rolled into June puts and all building sector/reits/banking/tech/nets continue their slide. Most of our plays are now in June puts at lower strike prices (HOV, RYL etc) and C is still terrific. Some anticipatory upswing in retail a 'cheaper' put opportunity as relentless selling goes on. Up practically all night to get into some companies that didn't gap down almost at all from our newsletter like RYL. Pattern failures at the declining 20 ma killed the 'relief and cover rally' right at the proper time.

http://www.marketgems.com/PatternFailuresMajorResistance.avi