Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

XLNX still under water, but I will change that tomorrow! The charts are like "crystal balls" Never shorted neither KLAC or XLNX although marked the triggers, we had to many longs to track by 10:30 to 11:00 exit. This was not profit taking, it was just earnings from blue chip companies that weren't as good as everyone expected. With such good earnings the market should have sustained the morning gains and it didn't.


....The Dow Jones Industrial Average gave up more than 140 points on murky guidance from big cap names despite gains on earnings from Microsoft and Intel on Tuesday.