Replies to post #17357 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

FNM (or the 70 Sep calls or 75 October calls) broke nicely now I would expect this "CONTINUATION" play to move in the prior direction before the consolidation and "pause" at the 100 ma. We should move to 70 (breakout area) and good to go to 72. Take one step at a time though. Lovely hammer on the 100 day ma is perfect.. this is the breakout. If we could take out 70 without pulling back much, it might be a good idea to hold at least through the afternoon bounce (2:30 to 3:30)

"Fannie's" weekly chart looks very good here.

[jenna]

MATK 1:00 to 2:30 earnings run.. it always happens! Lock in at 50'ish. Likely to hold some MATK through the report (capital conservation, just enough where I won't feel it much if it moves down a few points) I would love to hold a few thousand but I'm holding back. Perfet pullback chart before earnings. The correction was "pause that refreshes" after an extended 3 week run, not to mention the run from July 2002!!