Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

COMPX trying here but its looking the same as the bearish flag made on 5/22 and 5/23. Semiconductor index is showing a hammer on the daily chart at 480.69. Support is at 458.50 looks like another short the spike rally in the COMPX but the DOW holds some promise. At this point we should be OUT OF MOST SHORT positions, holding a hedge or two is fine. Going LONG IS NOT THE alternative OF GOING SHORT. CASH IS KING and I wouldn't get stuck in any landslides or avalanches here.