Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Conservative today YHOO, QCOM, AMAT, CSCO and DELL! We have some earnings plays also in play. To top off our morning we called FNM, KBH and CTX for intraday long. Grabbing CSCO and DELL days before already on "anticipatory upswing". AMAT and YHOO off LOWS instead of averaging down. May puts were all closed yesterday (and we stayed with mostly all May) a few June put positions were brand n ew and we called for 'stops to take us out of the trade little by little' but leaving a hedge because this is a typical "csco/dell relief' rally and I want to be prepared for the "PSUN-LIKE" PULLBACK

Very easy day just raising trailing stops and having a few very strong potential plays for the middle of this week already in tow.