Watchers for the 5-17-10 trading session

HAUP

This hinted at cracking when it took out 4, but it kind of head faked. A Supernovae now making a red floater scan. Once these iPad/iPhone speculators begin to seriously book profits, more down side might be on tap.

CMSI

Supernovae still in play, the "weed" stock may yield a short entry on sustained profit taking price action.

BFAR

This ticker symbol changer from last time is now showing up on the Supernovae scans. You know the drill.

AEHI

Recent Supernovae, this is now a red floater scan return. More down side coin banking may follow soon.

LEI

Seems to be some solid support right at about 2. If we can take this out convincingly on volume with acceleration, shorts may have something to work with. If 2.84 can be vanquished along the way, even better.

ANTS

The magic word and concept of potential keeps this thing going. Even the occasional red finish is usually dealt with quickly and the drive up continues. I hesitate to suggest any stock long in these seemingly down trending S&P times, but if any stock can do it, this is it, at least until people quit believing in their promises.

AUTH

I anticipate some upward momentum, at least out of the gate. If the market drops Monday, it will later be a fade as longs book profits from earlier action.

VG

Investor's seem keen on this equity. It is more of a swing play hold than a day trade, in an upward direction. Keep in mind if the Dow keeps weakening, holding longs for days is quite problematic.

NBS

Another upwardly mobile stock lately that powered north into the close on Friday with volume. More possible, at least from the bell. Again, watch the broader indexes to be synced for any contemplated long.

APCVZ

This cheapie zoomed Friday and is up big after hours. Drug approval idiocy may continue for the longs at least initially. A profit taking short is possible but ideally this is scalped early long and sold before lunch.

Not on my official list are 2 near hod closers that ideally are already being held long from Friday. They may give some immediate upside, a gap up, and then a chance to book profits:  LTUS GSB

Also not on my official list but keep an eye on are: IFLG AONE PACR SFMI The first may have more red but it fell 20% on Friday. The second is a bottom fishing long, which I discourage, but it seems to have the eyes of several trading rooms I am aware of. The 3rd is a red floater scan that may fall Monday, but the volume on the past 2 red days has been more pull back than correction. The last could easily redden more but it fell over 18% last time.


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