Watchers for the 3-16-10 trading session

GSIGQ

Look at that chart now and tell me you are not dying to short this! Still in play from last time, having not cracked.

MSEH

Still running, ALFSS! If long, see my rules from last time.

WNC

Another up day, but the volume keeps fading. I await profit-taking to short into.

IPCI

This might morning panic sell-off for a scalp short nearly from the bell. You should be in from Monday, ideally, and covering into it, rather than scalping it. Remember to look for a bounce on short covering, which here may only be so-so but needs to be noted.

CHGI

Again, shorts got hammered if not careful. Again, this simply has to have a redder day in store soon than the modest declines it has had in the run-up. Be patient to short this, but when it dies, pull the trigger.

CIGX

Getting ripe enough on the vertical scale to warrant an alert. I look to short on weakness, as usual.

CAMH

Cheapie that already seems to be in trouble. Possible more upside but I will likely wait to short weakness.
 
RDNT

Getting over extended. 52's at 3.39. Might have more upside as this is a real stock and earnings driven. Profit taking does occur, so I am waiting to short that.

SQNM

Massive dive afterhours on earnings miss might bounce early in premarket or on open for long scalp. 

I am watching HEPI and WAMUQ and even LEHMQ for oversold bounce long scalps, but this is a gamble, so be warned.

Rare bonus pick possible. Long swing SCSS. Panned by Jim Cramer, this stock printed a hammer in recovery. It is in a long uptrend and has fallen 5 days straight. Once the reddening slows, buy and hold a tad.

Another sleeper is a swing long buy of downgraded ULTA, which had good earnings and the chart showed a nice correction after highs in early January. This is a real stock. If it can keep a close above 21.62, a rebound and continuation of the breakout may result. Great breakout Friday. Analysts sometimes give us new entries.

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