Set those alarms

Boy did I blow it today. I had a pretty good day but I really let one get away from me for being lazy. I wish I could blame it on being sick or something else, but not putting in an alert cost me big time. I have been setting Cybertrader alerts (much like fellow Cybertrader users Tradermike and the Stockbandit) to let me know when certain conditions are met, but I have been slacking on them lately, relying more on my eyes since I have reduced my watchlist lately. I've had CYBX on the watchlist since Sunday, and just this morning, I noticed that they had a nice narrow range candle to trade off of. I thought about taking a position this morning, but chided myself for trying to get in early. I can't blame myself for not getting in early, but not setting an alarm cost me big time as it gave a perfect chance to get in. I think I will start setting my alarms as part of my morning pre-trade routine.

Here is a chart of the move I missed.
Cyberonics, Inc. (Public, NASDAQ:CYBX)


The markets continue to trek higher and have cleared any near term resistance. It looks like there is plenty of room to go up near term as well so the best we can do is hop on board and keep trailing your stops. I have to think though, that the level of bullishness is getting pretty high and it seems like nothing can go wrong lately. That is a recipe for a top.

Google Inc. (Public, NASDAQ:GOOG)
However you calculate a target for this move in GOOG (triangle or flag) the result is well above the all time high.

Books-A-Million, Inc. (Public, NASDAQ:BAMM)
BAMM finally had volume pour in today and it looks like it will clear this base.


NVE Corporation (Public, NASDAQ:NVEC)
NVEC looked like it started to move yesterday, but pulled back and had a narror range day today. It is still holding support and the path of least resistance remains higher.


OMNI Energy Services Corp. (Public, NASDAQ:OMNI)
OMNI had a narrow range day after bouncing off the lower band yesterday. Watch to see which way it breaks tomorrow.


Qiao Xing Universal Telephone Inc. (Public, NASDAQ:XING)
XING ended in a doji after touching the lower band and trendline. It should be ready to make a move here.

Genzyme Corporation (Public, NASDAQ:GENZ)
GENZ looks like it slipped under a rising trendline but is holding the 200sma and the horizontal trendline as well. If this is a failed breakdown, then a move to the top of the base would be expected.

Keep in mind that Friday is options expiration and I would expect stocks to begin moving to certain strike prices by tomorrow or Thursday.

Good Luck,

DT