Tuesday, May 04, 2010

Watchers for the 5-4-10 trading session

ANTS

This has got to pop sooner or later. Short on any weakening if you get a entry cue signal. A yesteryear pump.

FSNR

Daily doji print may mean the profit taking is imminent. I look to short into this selling if it happens Tuesday.

ROHI

Back to sitting on its 2.75ish support, this fell today but has had fake outs under 2.70 before. Short on a convincing break below that level, but be prepared for more choppiness.  

LEI

Still waiting to fade this on any aggressive selling. Short on weakness using any of the usual cues if possible.

GRPR

Being promoted. Waiting to short the dump that follows the end of that. In 12 Newsletters now.

NR

Closed on hods, this is in play Tuesday. I think CNBC discussed it Monday. Looking for more upside at least initially. Possible short fade later on but be careful only to enter on weakness.

LOOK

Looking very forceful, no pun intended. Could spike out of the bell upwards, then fade, so both long and short are possible, first as a bullish scalp then as a bearish fader, depending on the price action.

MHR

Closed near hods. I look for a continuation of the breakout if all goes well. Pull back entry around mid to low 4.90s ideally, but if it just keep going the chance may not present itself, as is often the case.

RPTP
Over extension short play imminent. Enter only on weakness cues. Not sure if today is the day but watch.


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