Thursday, February 25, 2010

Watchers for the 2-26-10 trading session

IFLG

Not the only stock in my list, but one of the most important, still. Watch for shorting if share reservation is possible with your broker, and keep and eye out for bounces. Good luck finding shares on the spot, not easy.

TAL

Yes, I know the volume is barely adequate. Yes, it's a NYSE stock. But look at that vertical chart! Like 11 of 12 consecutive sessions heading into tomorrow were green, and that means some down day short looms.

NEWS

Same story. This was on watch for exhaustion short yesterday, price action denied this, but tomorrow could be the big day.

LTXC

2.86 has been conquered. This could continue, so I look for a long if new support holds. Pullback entries are acceptable if they stay above support.

NNVC

This broke out early but stalled at 1.38. I look for continuation of the breakout which has seen support (old resistance) hold @ 1.30. I suspect 1.40+ is in the cards, so I am long unless it falls back below old resistance.

INHX

Breakout drumbeat keeps pounding, but getting a bit long in the tooth. I am less long biased now and more short ready now that 4 big up days have happened. 52's had been taken out on the 24th.

ETM

52's taken out over 9.85, this breakout may continue, but I would like to see more volume. It closed only slightly north of this new support level so shorting failure to hold is an alternate possibility.

TSEM

Took out 52's at open on the 22nd of 1.49. May not be done yet. This could test 2 soon if all goes well.

AGYS

This breakout smashed through 11 with ease. We never got the pullback entry to 9.95 that was possible. It might keep going up. Watch the stock at open, for early clues. At the very least a spike can be long scalped.


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