Replies to post #17223 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

12:00 pm EST Marketgems update:
On the first session after the Labor Day weekend, the markets began by selling a rally this time by 10:00. Most of the stocks recovered the earlier loses. I expect a slow move during doldrums with perhaps another bounce by 2:00. Hold positions with stops. Still like Airlines (DAL), Brokers (LEH), Banks (BAC) and select biotechs (IPXL). ITS a STOCK SELECTOR'S MARKET so I'm watching our swing plays and any earlier longs for today for profit taking.

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[jenna]

DGX did not trigger short now it triggered a buy above 60. 61.50 is next resistance here (50 ma) Major resistance at 62.75.

Well now the COT (change of trend)on daily chart is confirmed, although it was rough going a while back.



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