Wednesday, February 2, 2011

Watch list for tomorrow...

Long Set ups:

$BITA (long above $11.20 on above average volume)

$CBPO (break out of $17.00 on really good volume)

$STVI (my favorite set up; break out of $3.00 and then $3.20 should see a big pop!)

Short Set ups:

$MCOX (crack of $5.40 on good volume with the markets trending lower intra day)

$SCON (I love this set up. Look for a gap up, fade and then break down on volume) This spike from April 2009 should give you an idea of what to look for!

Hope this watch list helps you.

Good luck and good trading!

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