Wednesday, June 30, 2010

Watchers for 7-1-10 trading session

There are very few plays I like tomorrow, except for these:

BWEN

I look for this to test 3 (again) and fail there without serious acceleration, allowing a fade entry.

IDT

This already weakened in the last hour of the session today, and more profit taking might follow out of the gate on Thursday, permitting a fade entry.

EUGS

May hit 0.20 but I think this can be faded. I suspect a tumble is in the cards soon here.

VIDA

Believe it or not, this pumped junk can still have down side, despite its huge fall today. Garbage in, garbage out. Fade on weakness with the usual shorting cues we always discuss.


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