Replies to post #18343 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

1:00 (charts) update SMH and S& P futures dropping through support areas here. Looks like another shortable rally especially for the semiconductor sector. Actually gave QLGC a chance today and a scalp long on SNPS but emphasis is on the word "scalp". Our alert this morning was for the LONG TERM DAYTRADE except for select EARNINGS PLAYS and taking profits in YHOO and SOHU especially. (actually closed YHOO long yesterday)
Many of our earnings plays still holding onto morning gains.

Nice move today YHOO as we called the puts/short

[jenna]

BSTE on our list for RECOVERY PLAY might move quite well here. SFCC another of our less severely- beaten down recovered well already yesterday. Might be multiple days upside in both SFCC and BSTE. BSTE originally considered a Long Term Daytrade might be a hold if it closes 80% of intraday high. Severely beaten down stocks make nice foster-pets as longs as you don't get too attached to them <g> All our plays (except one today SNPS) from our our watch list not moving away from our own list, enables us to put up intraday charts on various time periods and get the best entry opportunities and best support/resistance set ups for the long term daytrade and the swing play.