Watchers for the 6-29-10 trading session

IDN

I am looking to fade this strong runner on weakness via a crack of 2. That would be a signal to fade it. I would be long or flat otherwise. It seems to be running out of gas, considering the high wave shadow relative to the close, but early next day green spiking is common in such situations.

SEED

Notoriously choppy stock is consolidating straight across of late. It clings to low 8ish support. If we can take that out from above, the shorts will rejoice. Possible bounce off the same level for a long. Watch $8 for cues.

NTMG

This fast becoming long in the tooth. It might have a bit more early, but some sort of big correction seems imminent. It seems a bit tardy to be long now, as opposed to waiting for a chance to fade this on weakness.

GFC

Bottom fishing bounce long play. Near support around 6.30 after selling off the last 2 days on heavy volume. Stock is joining the Russell 3000 index. Idea is to hope support holds for the very short term Bulls.

OMER

Looking for more down side in thinly traded over extension short play on weakness. Fell 1% or so today.

SNSR

Like OMER but with more volume! Closed on the April 27 high. Let us hope this is double topping. If we take that out on volume with acceleration, go long instead of short.

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