First, let’s look at recent setups and see what’s played out…
HLCS – was hoping it might rebound today, but we didn’t get a push… stuck below SMA50 again. I’ll watch, but losing interest.
QTWW – I’m keeping this on a separate watch list, but the volume has dried up and SMA20 has proven too difficult to defeat. I’m still waiting on .85 before I’m interested.
ANX – All I have to say is breakout! Watching and waiting. Time is now 😉
CYTR – Strong horizontal support at 1.17, but I’m not digging the volume… lost interest
Last night’s setups:
RCON – low volume bastard, but had a nice day. Even though this is looking good, I think I’m going to remove it from my watch list because I just don’t like the volume.. I can’t seem to get over it.
CLRT – Losing interest – volume was nasty and SMA20 too strong.
ANDS – LOL – enough said – fail
BQI – This turd is still on my watchlist – I really want this bad-boy to move through .70. I feel like it has a chance, but obviously volume is an issue.
IO – Great looking reversal over the last two days and I’m looking for more – nice swing setup. I’ve updated my target to 5.11
MWA – Holding strong on SMA200. If we see higher relative volume tomorrow, I’ll possibly attempt to swing.
SEED – fell through SMA100 but holding horizontal support. Worth watching, but I’m not confident.
Summary – the setups from the blog haven’t done much over the last few days. There are still some good setups in this list, so keep the list handy. The best plays today came out of gold (see my blog on gold last night).
My current positions – HL, DPTR, KFN (Swings), and small RNN.
New to the watch list:
CDII – Sitting on SMA100. May breakdown, so I need to see a confirmed reversal before taking a position.
ATHX – I’m always interested in stocks that are sticky to SMA50. Volume is in the toilet, but a bounce off this trendline could offer up a great scalp.
