Watchers for the 6-22-10 trading session

Timed release gang of 3 at it again. Arrive just before the open at 9:30 A.M. EST and use browser refresh. Likely to be the same pick for all of them. Short after the momentum dies, or scalp the open long if you are foolish:

http://beaconequity.com/dailyalert/
http://alerts.thehotpennystocks.com/todays-alert/
http://stockpreacher.com/dailyalert/

ESPH

Breakout watch. 1.75 level being neared again after cup correction over some months. Overtaking this level on volume with acceleration is a long, above 1.88 especially. Failure at the same level is a short entry.

MMPIQ

Is this the mother of all bearish signals on a daily chart? Long tailed hammer at a hoped for top of move may yield down side action in this lower volume number. A "Q" stock, so keep that in mind when you speculate.

HELI

A hod closer, this should have something left initially on Tuesday, but be aware junk like this can come crashing down at any time. I would either already be in from the close on Monday or would scalp long from the earliest stage Tuesday if it spikes, or more likely, would try to fade a dump here if it weakens.

BRNZ

News catalyst play could have more upside early on. I also look to fade weakness here on over extension. Do not try to time the top on a play like this, if it does not falter do not short it.

AMEL

This has some resistance in the 1.00 area, but it could easily test that level for the longs before retreating even if it does not take that ceiling out.

MKHD

Big 2 days, hod closer. May get a bit more out of the open, but it is already looking well along in the party. As usual, I want to fade any dumping action if a chance presents itself.

REFR

This is going to make a nifty profit taking fade play, which is tricky but satisfying if timed correctly. Up after hours, the idea is to allow the momentum to die off and otherwise be priced in, then to go short.

SITO

This could easily test 1.50 a new 52 week high. Watch for profit taking and possible fades there, and also for a long in taking and holding 1.50+ on volume and acceleration.


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