Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Usually when the morning direction fizzles but is not entirely gone (i.e. support holds) I put in a buy stop either in the DIA at the 10:00 high or the SPY (usually the SPY) so if we take out what I feel is an important reversal area to upside we move up higher. I don't have to watch or wait.. now I have to just look at these long upper tails above the 200 period ma and lock in by 93.40 or 93.50. Today I am wearing a different "hat" than yesterday. I can scalp intraday when I see set ups but I also like to stalk my watch list favorites for reversals which I did last night with the biotech, the tech, deciding the biotech had more upside potential today and much less "W" wave volatility.
These might be held and "nurtured" through the 2:30 or 3:00 reversal period, its now leisurely.