Watchers for the 8-25-10 trading session

FLWS

Daily doji bottom fishing bouncer long play or possible greening scalp. Like catching a falling knife, but the selling pressure seems to be stabilizing. Watch, stalk, and have your finger on the trigger both ways as of now. Only jump in long on early session bargain hunter buying price action. Be flat otherwise, down too much already over too many days  for optimistic shorting.

CAEI

Dollar test and also some resistance there, aside from the psychology aspect. I expect this pulls back tomorrow, permitting a fade entry. It is already down after hours, but if it takes and holds 1 with volume and acceleration, a long is possible as well. Watch live price action for fence position cues.

DAKT

Closed equal to a high back in April, this earnings winner has a lot of momentum behind it, consolidating somewhat near the highs most of the day after early soaring. 52's at 9.56 ish. Essentially, if we begin to fail at the aforementioned high (9.17) then a short entry beckons, including a gap up and crap. Since this is an earnings play, be careful. The easiest play might be to play a long scalp out of the open if it gaps up or opens flat and spikes hard early. Taking and holding 9.17 on volume with acceleration is a long, as is any new 52's.

SIAF

A red floater scan return today, this was the stock that started fine today and went green to red for the afternoon fade. Decent odds for more profit taking, but make the decisions at game time. Only fade weakness. I do not trust longs here at this point, but more so here than for the last stock on tonight's list. In other words, if it does not weaken to yield a fade play, be flat.

CHTP

Another one that did not work out as well as it could have today due to a gap down open, is this over extension candidate that is still in play. Fade weakening cues if they arise early. Long is not a likely outcome. As with the above stock, be flat on any greening here.

Not a lot to choose from tonight. It is just that way sometimes...some days you have tons of play possibles and others it is like a ghost town.


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