Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

GENZ, INTC, and VRSN You'll remember we posted last night some double bottoms that were forming, well we did get that short on VRSN today and GENZ after first soaring, pulled back at the spike high and offered 2 short opportunities, we think GENZ is still overbought. http;//www.pristine.com/simon/GENZ_5minute.gif
http://www.pristine.com/simon/GENZ_double_bottom.gif

INTC was the best double bottom because it not only triggered at 27 in its own right, it gave us cause and reason to hold our shorts from the morning, through some slight reversal to the upside. With the downfall of INTC we had more confidence http://www.pristine.com/simon/INTC_double_bottom.gif