Replies to post #5776 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

QLGC..see a very strong possibility we hit 45 once again. QLGC is obviously a "favorite son" and the precipitator of the now legendary "QLGC(CSCO) rally".. but that was just an escapist rally, and although we did go long NVLS for that rally, we were pretty quickly back on the short side in KLAC, AMAT, IBM, NVLS, PHTN EXPE and ROOM. BLIMPS will always be blimps as we saw with the easily "reversible" moves in AMAT.

AMAT is always a short the rally play, and just as predictably it will hit support and perhaps be a "2 trend day" In fact AMAT is our choice for the 2 trend day. These are not stocks to invest in just to trade.

[jenna]

COGN.. moving up might be a mover until 10:00 only but looks okay for an early entry and scalp long

[jenna]

EBAY should take out next stage here (rising 20 period moving average) (56.30).. EBAY is possibly the best intraday trade around. Gap downs fill for recovery and you can short at the resistance level of 200 period moving average (spike high or mini double top) grab either the uptrend or the downtrend or BOTH! CCMP needs a relief rally before it contineus down from the 45 to 40 to next area of 35 (hit 35.64 until it bounced)

EBAY is the 2-trend miracle, and if hadn't chosen COGN I would have been long EBAY for morning trend. Can't get 'em all. Relief rallies are fun .... to short.

[jenna]

OCTOBER 12.50 puts look better here for MU.. I don't really like this is looking like ORCL all over again.. MUVO, those of you that are aggressive traders but still value capital preservation above all might consider the 12.50 puts for MU. MU might be a scalp long above 13, but I don't trust this POS. I don't think we will trade up in the morning so the October 15 calls (MUJC) are not going to be picked up today.