Replies to post #17327 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

FNM, JCOM, XOMA, TNOX, SERO and BA.

(sorry still no charts but we are getting closer here)The template is almost ready etc. etc. and programmers are still at work. We should be ready to "go" by our scheduled date.

First never buy above the 30 minute high or short below the 30 minute low, NEVER, NEVER. This is our 5 to 15-minute reversal set up area and especially holds true when the market is pausing in a consolidation after an extended move up. (I use the 20 ma to see how extended the stock indeed is) That works on the daily as well as the 5-15 minute chart.

FNM bounced very strongly but looking a little extended at the 100 sma. FNM is in a small consolidation at resistance 69.50 (pause that refreshes) FNM would be a possible buy for a continuing move up above 69.50 (for the CONTINUATION PLAY to breakout that it already started) but I like the short below 68.50. The 5-15 minute chart set up would favor waiting for a short as well.

JCOM possible reversal after "pause that refreshes" in a doji close. Buy would be above 35.75 for next resistance 37.50. JCOM is definitely a "teaser" I like it long and I like to to 40.

XOMA looks a lot like ANPI did before it dropped. The short below 8.00 (as ANPI it could be headed for multi-day downside) or look for a possible reversal by 10:00 and buy off support (8.25 area)

TNOX Possible Buy set up as finally TNOX has pulled back from a new high Look for a another bounce play here above 20 on a 5 to 15 minute chart set up (possible move down to 19 on daily chart if you are considering a Long Term daytrade (20 day moving average bounce) TNOX came out with my scans together with IPXL but I didn't give TNOX enough credit at the time to include it in my watch list. Ironically now IPXL might be ready for a pullback (below 15) just as TNOX might give another chance for a nice move up.

SERO stuck at resistance of 15, can't keep above that area A possible BUY set up if it bounces off support of 13.50, SERO might recover. Looks like the short would be below 13, but I like the long possibility better.

BA possible buy set up after "pause that refreshes". Looking for an intraday 5 to 15-minute buy set up from 37 to 37.50. Ordinarily I'd give BA a good chance to hit 40 (resistance on the weekly)