Replies to post #18958 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

Marketgems 1:30 est market commentary:

We are at the highs of the session The Nasdaq which lagged might go into positive territory AT ANY MOMENT. There is broad based strength in our earnings plays, the dow, and pretty much everything except biotechs and the Asians. Many earnings plays have triggered long and look to strengthen here. (MXIM still in limbo with a downtrending trading channel, but any remaining short should be covered if it hits 48). For NTES (only word I can think of is unbelievable!) and SINA (not as awesome but good) CYD, EDMC, SEAC, COCO were wonderful, we had a few more as well and 2 new straddles. I do expect a target of 64 for EDMC.