Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Building sector, financials, and healthcare are not letting up on their downside. TOL and LEN are continuing shorts as they have now taken down

1) The declining 20 day moving average

2) The declining 100 day moving average


3) The declining 200 day moving average.. Coiled at the bottom like it might do something. It is possible we might need to cover most the building sector shorts/ puts if they begin to rally WHILE TECHS BITE DOWN (3:00 to 3:30)... I have not experienced this much downside in building sector so intense. I would leave about 25% of the short position.. as you can see the weekly, daily charts might still have downside.

I'd hold it all, but I have some concern about the PHM and BZH earnings report... not a lot just some.