Short Crude

I shorted crude oil on the technical breakdown yesterday. I shorted it by going long the inverse ETF SCO at 207.

LEI LPTH

LEI is up on good news. It's a good short watch for a day trade or quick swing. It's highly probable that it will consolidate lower over coming days just because it ran so much in one day. Short bias.

I've seen this one LPTH hit my scans a lot over past months. Digging into it more I find it is a $60 million dollar company with explosive earnings growth. Earnings estimates just got bumped up big. This is always good. It's hitting new 52 week highs. $3.00 is major multi year resistance. If it clears that its off to the races probably. It could be good on the short side if it stalls out to. I like it long bias at the moment.

Sold the Rest of GIG

I sold the remaining tranch of GIG shares yesterday. I made 8% on the GIG trade.

GIG High Flag Breakout

GigOptics GIG is a small cap tech stock. Specifically a chip tech company. The PE is super low and it's small cap. I am going to buy the breakout if it hits 2.81. I have a buy stop order out for that. Looks like a nice high flag at resistance here.

Wendy's WEN

Wendy's WEN is a trading range breakout that retested new support at the top of the old range and is holding. I bought some at 9.64 with a stop loss area of 9.20s. Decent risk stop loss with a lot of upside over 10 breakout.

Short Watch

Text book shooting star candle above the upper Bollinger band. These don't come around that often. They just reported earnings recently so its not perfect but the setup is still there for a quick trade.

New Video IMMU Flag

New video. Expand to full screen and HD for best image.

Daytrades CAT LSCC

New Video, Oil, TUES

Shorts and More Shorts

I'm short MEMP and looking to put on TUES, IMGN and IBB short.

VVUS More

Nailed VVUS!

I longed VVUS at 1.77 the other day. It printed a shooting star that day. It held up today and ran all the way to 1.95. I'm still holding it.