Reversal Again

It was another reversal day today and once again. Short of time again with MLB full slate, 24 and tax preparation taking as much time as possible from me. I won't be initiating any new swing trades tomorrow, so I am posting a few charts of some current holdings that I feel are close to moving.


ALDA may pull back a little here, but there is a chance that they break out of this consolidation base.
SLW is having a hard go of it here, but buying at this trendline has been rewarded recently.
As I have been expecting, JOYG broke out today. The sector is looking good so follow through looks likely.
MNST looks like they are close to breaking out of this triangle.
I hope some of you were able to get a piece of IIP after I posted the update this morning. They had a nice move today and look like they will clear 1.10 tomorrow.

Also, I am gonna try something new starting tomorrow. I entered the Squawk Box stock contest and will be trading solely using alerts from my Trade-Ideas setup. The tricky part is that the contest doesn't reward daytraders or momentum traders as it uses the closing price from the day you bought the stock. I think my strategy will be to scan for breakouts at 3:30pm and take stocks closing strongly. Either way, you can see all of my picks here.

Good Luck,

DT