Breakouts:

CMO is on the verge of breakout, this could easily fill the gap to $16.00 on a break of $13.92 (lets call it $14) which is the 200 day moving average. There is a double top around the 13.75 area. The play here is buying on the $14.00 break.

BCF is breaking its all time highs, this is well on its way towards the $20s

ENI - Amazingly bullish stock, this is heading for over $20 and hasn’t shown any weakness to this point.

Short Watch: Near Term

BEXP topping off it may squeeze through $10 but if volume dries and starts to show weakness this will test sub $9

GBRC - this one is topping off, perhaps one more squeeze towards the $4.50 range and that’s about it, this is up way to much.

The following I am looking for spikes to short on, these are all on the verge of breakout but still have another $1 to $2.00 in their squeezes, if they don’t and turn red, perfect time to short - these are not long term shorts they are just short term trades. It’s taking advantage of a price correction after a huge move higher, although they may sustain over the long period and make even more highs they still need to consolidate and filter out some of the longs. Investors/Traders end up satisfied with there enormous gains in such a short period of time and the first sign of weakness they are afraid to give them all back.

HL I’d like to see test $14

HA - this could squeeze almost to $10 before it takes a break

AAV looks very toppy today but given market conditions I’d like to see another squeeze out of it before I’m convinced theres a good short side opportunity

CLR - what a move for the longs, this may test $45 again shortly but needs a break if it’s going to hold any of these gains longer term

CF I wouldn’t be surprised to see $160 before it gives shorts some ease

BG on watch towards $130

BTU $68 I’ll start watching

Lots of good things happening around the markets today. Very bullish day all around not to mention IBM!! IBM’s Q1 earnings jump 26 pct, company increases outlook - this should lift the markets into a spectacular day tomorrow!
Wall Street Journal: IBM Bucks Slowdown, But We’re Not Out of the Woods Yet
Seeking Alpha: Is It Really a Tech Tell?
Seeking Alpha: Big Blue Delivers Big Profits

AAPL $160 breakout

BIDU shorts have been and continue to be toast

IBM great numbers out after the close and unlike CROX they actually increased their outlook

MA - we’ll see if it can bring V with it, again I’m not buying V until it breaks $70, then its a sure break towards $100 since its a physiological target

ICE on the verge of breakout, another great set up here, this can easily squeeze towards $165

Trade Ideas for tomorrow?

GRMN has it sank enough yet? $43, if the market is strong tomorrow this could move towards $45, I’d expect a small bounce before it hits more lows. In fact I believe $42s will be the lowest this goes for the next month

GNVC - This one finally peaked as expected - didn’t quite make it to $2.50 but surely lost it from there, should test $2.00 before testing $2.50 again - in fact it should test around the $1.80 mark.