Tuesday, March 02, 2010

Watchers for the 3-2-10 trading session

IFLG

Still on short watch if it cracks mid 6 recent lows. Less likely short squeeze at this point.

MCGC

As long as this stays above 5, it is a possible buy for a run at 6. Do not hold beyond Wednesday.

WAVX

This could make another run testing 4 then fade for a short. Upward momentum seems spent on upper shadow print on daily candle in comparison to the close.

HUSA

Really overextended now. Wait for weakness, then pounce if it is aggressively profit taken.

VSTNQ

A much more extreme version of WAVX's daily candle shadow, our Supernovae play could spike early then fade. I am short biased here if shares can be found. Plenty of downside should remain.

GHLV

Really overextended now.  Hard to see how this goes up much further without profit taking. You know the drill: A slight gap down and fade, green to red fade, or afternoon dump ala WAVX is your signal to short.

WEL

Breakout continuation long may be in the cards. Today's action was modest, but it held the key 1.80 level. Boring, but some people like watching paint dry. Just be sure it stays above the aforementioned level.

XTXI

Earnings related dispatching of 52's @ 8.32 I look for continuation of the move up, at least early on.

DDS

Second test of 20.17 52's. Nice candle and volume. If it can take this out early, look out above and be long.

ESPH

Low .70s 52's taken out, I am watching to see if it can take .90 then challenge a buck.

ETM

Recently took out 52's, looking a bit overextended. I will short weakness but this could move more right from the bell so I am unbiased. Always let price and volume action decide your position on interesting tough calls.

LSCC

Breakout watch as it has tested the 3 buck level 3 times. If it can vanquish that on strong volume I am long. Shorting another failure of that is possible, too, but the best outcome is the conquering of 3.

HEPI

Over extension short possible. It could spike and fade, but I find it hard to believe that it just keeps going. This may be a pump so be careful.

SCEY

Former and possibly current pump. Looks like over extension short possible. Any fade is welcome, but as with HEPI, be careful as this smells like a promotion.

SMCI

Breakout continuation possible. New 52's. Look for another cross of 16 and hold for a long.


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