Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

MWD, KLAC/ NVLS. I have been watching this all morning and this is a classic short the spike high. I would expect MWD to be very volatile into the report. I was already stopped out of a multi-day short position with yesterday's rise and I'm not terribly interested in the price here. Watch GS as well if GS does indeed move below 74.75 it might retest the lows of 74.15. I love to hate the brokerages and will almost never go long on upside, just waiting in the sidelines for my short opportunity. KLAC/NVLS look like much better intraday shorts.. NVLS now challenging a support level of the rising 100 period moving aveage on the 5 minute chart. I would expect this to hit 30.15 or so. KLAC is exactly the same. Better shorts because they are overpriced blimps (yes, even more than the brokerages)
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