Monday, March 08, 2010

Watchers for the 3-8-10 trading session

HEPI

Probably being promoted, so beware, but this is so overdue for a decent down day you almost taste it. ALFSS!

CHGY

Also due for a spill, this one has fading volume AND an absurd 4 day run chart. ALFSS!

TIVO

Daily doji print and falling volume makes this a prime shorting candidate on weakness. I am worried this might not be done, though, so I am watching price action from the bell to determine which side of the fence to sit.

GLRP

A ZANE like mover Friday, this could obviously fade for a short, but beware as it ALREADY faded significantly that day after being up even more insanely than it closed. Long scalp possible if it breaks out.

CHGS

8 straight higher closes makes this overextended, I look to short on green to red or any other fading cue. Volume is not fading, but rather increasing to be very careful here.

PUDA

See comments for CHGS, which apply here, but this stock has a lot of momentum behind it so watch out.

MOVE

You know the drill, several up sessions and over extension. May have more upside left, but soon short-able.

ZANE

Still may have downside left, but a bit late if you are not in currently. Possible spike long scalp on consolidation nurtured breakout, which was the case in Friday's price action.

SCLX

Nearly doubling in the past 4 days, this stock closed near resistance @ .70ish. I am short leaning but if it takes out this important level on strong volume then I'm either long or not playing. Short only on fails of .70.

MCGI

Incredible pump to short on a dump if you can find shares. Price has more than doubled in a week.


SCOK

High priced absurd mover, probable promotion, so take care. Potential short on green to red with fading.

VSTNQ

Hard to figure, Supernovae-ish, choppy. Anything up this much has to come down, so short biased if price action permits. Has a tendency to surpise shorts with sudden intraday moves, so you have been warned!

STTN

Anticipatory pump that might still be good for a long scalp if you did not get in Friday. Do not be greedy and sell gains into strength if it hits .60+. Volume, but not so much price, has increased over the past week or so. Promotion seems to inevitably follow such "pumpish" charts. Bag-holding follows people who buy the hype!


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