Wednesday, April 28, 2010

Watchers for the 4-29-10 trading session

CDXC

In play again due to unchanged close. Fade on weakness in a short.

ROHI

Still on potential short watch. Would like to see it go green to red & or take out mid 2.70 ish area for a fade.

EUBK

Supernovae scan, needs to vanquish 0.95 from above to generate a short selling signal.

PRRY

Supernovae scan, may be short bait if we get an early sign of profit taking with the usual cues. A Pinkie, may need more seasoning, though.

LEI

This may need more seasoning but some profits might be taken soon, maybe Thursday. Short on usual cues.

GRPR

More promotion, but also more chances of a big red fading day if the entry signals surface. Be patient.

LMCO

Still being pumped, may have more to steadily go. As usual, once the e-mails die, a nice red day awaits.

CTHR

This is going to be on my radar on Thursday in both directions. The headwinds are obviously bullish slanted. If it gaps well up and spikes, we might get a short scalp. Volume/range is nice, I would assume it finishes green.

SIMG

Earnings winner heading to 4 test, but I would like to re-enter the breakout on a pull back to the mid 3.70s. All too often one does not get that chance, and must pass rather than chase.

CRUS

A lot of momentum is still in this thing. It will be in play Thursday both ways, with possible short scalping on fading price action. The gravitational pull is up, though.

LOPE

Swing trade play several day pull back of a 97 rated IBD stock to the 50 day SMA. If this proves to be support, over a few days we might get a rise from it. Exit on a close above 5 SMA or some RSI 2 strategy.


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