Lots of breakouts the past few days! Let's hope the market follows through, although with tomorrow being options expiration, we may get a tight and trendless market tomorrow. Don't forget to take some profits now that the market is strong. We sometimes get in the trap of holding out for more, and then when things turn south, hold on waiting for the prices we missed. I've been guilty of that sin a little too much lately. I took some off the table on AAPL(but then bought back in too early), TRE, and SLW. Here are some interesting charts on a few of my positions.

REDF is starting to look even better then before. I initiated a long today on the first pullback after the higher high. I love Slow Stochastics crosses from below 20, and REDF is doing just that. Look at the previous moves after that signal. This could be interpreted as a triangle base if you remove some of my trendlines.
NBIX is also looking very nice. This has stalled the past few days, but this allowed it to drift towards the trendline. Once it made the higher high, it was playable. I'm looking for a nice move here into the upper trendline.


I may be a little early here, but I believe the "Smart money" has begun to accumulate here. Look at volume the past few days quietly coming in. I picked up a few shares, and will add as it pulls back. I will sell if it breaks down below 1.60-1.65 ish, but my guess is that it won't get there. I bet that there will be an announcement or some sort of news that will propel this higher once the smart money finishes what they are doing. Just me speculating, but this one has some good backing.

Also looking good are BOOM, SVA, DNA, MRVL, and HPQ. Good Luck,

DT

Didn't get to post last night, been swamped. In addition to TRE, DNA, and SVA, SLW triggered a buy today. I will try to post an update tonight.

These are a few of the stocks on my watch list for tomorrow.
REDF made a nice move today. Look for a swing on a higher high tomorrow.


I'm already long SVA and wit rumors about China hiding avian flu cases, this stock could make a move anyday now. They already broke the downtrend, and bears have not been able to push it down the past two days.
This stock has been weak, and is below all support. Today, when the markets rallied a little towards the end of the day, they moved the opposite way. They may move to 200 sma at 14.
Compare this chart to the one I posted Monday.
Strong move today here too. Look at volume and decisive break of triangle. I would expect a test of 5.12 tomorrow.

Others on my list are
aapl - long, looking to trim a little
bcon - showing signs of life
sndk - hammer today
jnpr short - broke support
ngps - see yesterday's post
cpst - took profits today, looking for re-entry
nbix - still waiting for a move, looking for a bounce off the trendline tomorrow

Good Luck,

DT

A few of my charts triggered today including SVA, DNA, and TRE. Look down a few posts if you're interested in those plays. SVA was a nice buy at 5.40 and DNA should make a run to 100. Good Luck,

DT

I bought CPST today after it pulled back a little this morning as a speculation trade. I figured I would risk 20 cents on it, since it's had some momentum the past couple days. Well, looks like Cramer has had his eye on them as well, cause he gave them some shameless pumping today on Mad Money going as far as to speculate on CPST running like CAFE did on the Walmart rumors. Well, sure enough, CPST ran pretty hard after hours and will gap up tomorrow. I don't know if Cramer bought in the past few days, but I think with him being on 60 minutes last night, and with new viewers watching tonight, he wanted to make some bold picks. He will continue to pump this IMO. Thanks Cramer, I appreciate it. If it gaps over 4, then I think it trades to 5 at some point in the next few days. 3.80 will become support IMO.

Both of these charts look interesting. ANTP has been in a downtrend and is testing resistance again. Volume has been building so i think it may break it this time. SMA 200 is on a down slope so it should serve as resistance.
NGPS also has been in a downtrend technically, although it's been consolidating the last few months. Looks nice if it can break out.

I thought this was pretty funny.

These are some decent charts I pulled up tonight.

TRE looks pretty good. This might be the most promising chart I pulled up tonight. Looks like a break of the triangle.


SLW is a new issue that has a very low average volume. These aren't my typical plays, but I like buying at trendlines cause of the tight stop's that can be used.
ATYT is coming up on important resistance. Keep an eye on them.
REDF gapped down and may of sufficiently closed the previous gap. There was strong buying at 15's, but there are still some nervous longs here. I would keep an eye on them, as they may be headed up to close the downside gap.

These charts also look interesting.

SVA looks promising if it can halt the pullback. Watch for a higher high and a break of the trendline before entering. If it breaks out you can set a stop just below 50 sma.

MNTA is trading a very tight range which could result in failure or a nice move up. I'm considering snatching up a small amount of shares as pure speculation.

DNA is right at resistance. If it can break above 95, I will look for an entry on the first intraday pullback. Ideally, this will pullback to 91 before breaking out, but depending on overall markets, it could move tomorrow morning.

I found this name on one of the blogs i read tonight, and the chart looks interesting. Broke resistance and pulled back to the trendline. Looks like the reversal was confirmed and it has resumed uptrend.

For some reason I see a lot of promising charts. Markets are due a pullback, but not sure if buyers will let them yet. Here are a couple of retailers that may be ready to make a move. I may be early on these as RTH has already made a pretty good move, but I would keep an eye on these and other retailers as we head into the holidays.

ANF may be the stronger of the two. They are now consolidating above the 200 and are right at resistance. I say they are a buy at 60.55 with a stop at around 60 if it triggers. Look for 2 points or next fib retrace.

AEOS has been more choppy, but just cleared some important resistance. I would watch this one for intraday support near 25.20 for a low risk entry, or wait for a new high above 25.75.