Friday’s
Watch List recap:
Looks like $SPY trying to breakout
of the range and establish new uptrend here. Hopefully it does this week and we
can look for more swing ideas.
$MUX, nice green day and I still like it over here up to $3.50. $SVU
didn’t get the gap on Friday, so no play for that. $OCZ, 5% up today and now
breaking out of the range. $PVA, what did I say about this breaking out BIG?
Nice 10%day for $PVA if you take it. $CMO, pretty much flat on Friday but I
still like this chart. $WG, Pulled back a bit and day trade strategy would have
made you about $.10/share. Nothing great but nobody should have lost any money
on that if you apply our gap play strategy.
Monday’s
Watch List:
Great
Wall Builders Ltd (GWBU.OB)
Are they going to squeeze people
out soon? I don’t know. All I know is buying the breakout of $1.91 would be the
best strategy for this puppy. Sure they can wash them again (gap and crap) but
it looks like either a big breakout OR just a green hammer candle then squeeze
on Tuesday. Anyway, wait for a breakout of $1.91 would be an ideal for entry.
Goodrich
Petroleum Corp (GDP)
In the middle of channel here and
point for a breakout above $15 for trend reversal. However, it’s in the
downtrend right now and you don’t want to drink the cool-aid if this heading
back down.
Acco
Brands Corp. (ACCO)
I’m only looking to short this on a
big gap up tomorrow. 5-min chart, get top and bottom trend line. Short on the
breakdown!
Hovnanian
Enterprises Inc (HOV)
Finally on a breakout streak here.
I would wait for a pull back to $2.30s for reentry. Right now looks like a
chase but could also gap and run tomorrow.
Radian
Group, Inc (RDN)*
Trying for a breakout here and also
looking for long term trend reversal. So far making higher lows and higher
highs. My favorite chart for a big
short squeeze this week.
McEwen
Mining Inc (MUX)
I’m throwing this into my watch
list one more time because I think a breakout is coming sooner or later. Yes, it
is on top of the channel and could be working its way down to $2.50s before
another run. But what I’m looking at now is $3 magnet and pop over that range
tomorrow.
