Tuesday, March 09, 2010

Watchers for the 3-9-10 trading session

CHGY

Now up 5 sessions straight, it is only a matter of when it cracks for a short. I hope it is ripe and I can find shares.

HEPI

Promotion but its no change close high wave daily candlestick may mean the party is finally ending. Short.

JMBA

Now like 9 sessions with an unchanged or higher close, I am looking to short weakness.

CHGS

Same old story. So many up closes, some profit taking has to occur soon. I look to short such sell offs.

ZANE

Another stock with downside still available, this one is being shorted overnight by a few notable traders. Hard to find shares anymore with such a big run up, but try to locate them.

SCLX

Another one I am looking to short on the right price action, for the usual over extension reasons.

MSN

Extraordinary cash dividend or not, that vertical chart has to see some profits taken soon, right?

BVTI

You know the drill by now, same old tired chart pattern for an over extension short try.

XFN

Do I ever look at any other type of play than this? Recent down day and not ideal, but this is tiring out again.

MCGI

Despite its nice afternoon fade, this promotion could have additional down side. ALFSS! Good luck...

TEAR

First enormous up day of a Supernovae in the making, it could go up even more, so be careful. Up so much, getting shares will be hard already. Ideally it spikes and begs to be faded on dying momentum.

CSGJ

Yes, it is the same over extension pattern. Making money can be boring, if that ever could be called such.

The Q's, WAMUQ, VSTNQ, GSIGQ, LEHMQ, are volatile bankruptcy junk tickers that look overdone, but are likely to produce some long scalping action on Tuesday. Do not hold long, or be greedy. Stay safe.

As always, let price action on the ground, not your biases, determine which side of the fence to sit, if any. Enter plays only when you can get some entry cue, like green to red fading, immediate sell off panic, etc.


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