Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

UNTD which I didn't manage to pick up is a perfect example of our trading strategy which I mentioned last night. You sell the highs short and wait for a sign (first swing high which was yesterday) to reenter the stock. Yesterday's bullish harami was confirmed with as UNTD is now above yesterday's high. Would I hold UNTD as a "position play" Of course not. I would consider a retest of 20 but lock in profits and start all over again at a pullback. This market is still way too insecure and tentative to begin holding.