TOL go baby! #1 on today's newsletter for "anticipatory upswing" while waited for MRVL since Monday, and EASI from Friday late in the session (3:30) to a confirmation on Tuesday morning! This was the other "earnings run" we mentioned. TOL is giving that 2-trend day and ride the 'anticipation' the calls were picked up cheap and a straddle will be held (not a big one here either) too volatile. The bigger gain is intraday, and perhaps a shortable gap up in the morning (a la TJX today) Ironically we are following pretty much the same 10-12 stocks in the past 3 days is all (a few have gone nowhere but neither did we enter those they were just invalid for the set up we suggested).
80% of which are earnings plays 20% are momo plays (RIMM, INTC, KLIC, CSCO). We figured we'd get the earnings run around noon to 1:00 ish WHICH IS EXACTLY what it did do. The chart below is 60 minutes because we're looking to see where the potential rally might begin. It makes no sense to check just the daily chart if you're "after" the anticipatory upswing that might last a few hours.