Replies to post #17003 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

SINA triggers short below 31.85. Posted as a potential buy set up SINA has gone nowhere since the earlier gap up. A drop below 32 (31.85) would be the breakdown of inraday support and consolidation at the rising 20 ma on 5 minute chart.

[jenna]

QNQIE (NFLX September 25's)1.75 to a high of 4.20

125% gain at close and no problem with earnings reports rearing their ugly heads. That is the "momentum" side of our earnings plays which we will emphasize during September at the "lull" of earnings plays. Those that did good will always be buys at pullbacks from support and those that tanked will turn out to be shorts at failures of rallies. MULTIPLE days of upside will be the results of good earnings reports ESPECIALLY if they occur at areas of support.

Hopefully we'll get some multiple days of downside for some of our newer earnings plays which tend to pullback when they are at nosebleed or major resistance areas(OVTI, SNPS etc)


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