Replies to post #12799 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

The Marketgems Daily for March 5, 2003
http://www.marketgems.com/March5_2003.htm

Not all that much to cover as the major short sectors have been covered in the editions of February 27, February 28 and March 3. Sectors that broke down included Gold, Oil Services, Sox, Retail, Brokerages and Building. Still see downside in the companies we shorted, but some have been hit so bad, 'dead cat bounces' might be in order.


Focus tomorrow will be

the 15-minute chart for possible intraday rallies like in KLAC

The dead-cat-bounce for early plays

Earnings plays like KSS and HOTT to see if we might get more than the typical gap 'n crap

major support/resistance levels in the SPX S&P Futures and Nasdaq Futures