Scan: GSI UNS TBSI UTEK CRYP EZCH

GSI wants 11 bucks, plain and simple. Looking at the intra-day chart today, it was a slow and steady move up all day. Longs are most definitely in control BUT it was $7 three days ago. My strategy for GSI is similar to what I was watching for on KOG and EXM. It clearly wants to make new highs but I’d rather the top be put in for me and short the weakness (such as this $11 mark). So what does this mean? I’d like to see it test $11 - if it breaks it squeeze mode is still on and could pop another $.50 to $1.00. BUT-lets say it goes to $11.15-11.20 and starts selling off towards $11. I will short on the downward break of $11 with a target cover around $10 and change.

UNS is in complete squeeze mode looking for $32.00. This is another slow and steady intra-day (this is important to note because if the longs continue to stay in control you’ll find yourself adding and adding to your short position with no top in sight.) Strategy here is similar to EXM looking for it to “gap and crap”

TBSI - It’s trying to break $45 but failed today and fell back almost identical to EXM. I’d be looking for another bullish move out of the gate - one last attempt of the bulls to keep this move going, but the move has been fairly large for a $30 dollar stock less than a week ago. This doesn’t mean it won’t go to $50, I’m only in it for a trade when the technicals are a bit overextended. It needs to consolidate near $40 creating a new base before it heads higher. If it does open a bit higher there is a potential for a $3 to $4 dollar short here.

UTEK consolidated around $13 and managed to burst through $14. Up nearly 60% despite the profitable quarter and upgrades it needs to consolidate a bit more before these gains will hold. I’d look for it to retest the low 13’s before moving to $16+.

CRYP one of those stocks where $20 is a magnet, a key break and a key support level. I think this will test the mid 18’s on a breakdown through $20.

EZCH beginning its prowl towards earnings on May 5th. Up 40% in less than a week. If it doesn’t break $14 its a short, if it does break $14 I’ll watch for the squeeze and let it confirm a top. $15 is a lot of resistance. I will post more on this as it plays out.

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From the earlier post today MMR and EXM are still very much in play, MMR may have $2 more in upside (if that) before a $2-3 dollar correction. EXM may gap past $45 in an attempt to save it, and sell off through the day.

A brief recap of last nights scan before I post tonights.
Overall most of the stocks did exactly as their chart said. You can view all tickers here: BEXP KOG PDO ENT DGLY EXM ICO SCA MMR WMG

EXM - although it didn’t fall immediately, this is a great example of the “gap and crap” I mentioned last night. It had a lot of momentum going into Wednesday’s open gapped up (opened higher then its previous close) and squeezed $2.00’s before it began its sell off. From what was up $4.00 at one point today came to within +.50 on the day. I’d expect the selling pressure to continue for at least another day before it starts to look for support.

MMR - still worth watching like a hawk. $28.00’s held for most of the day before the EOD (end of day) sell off. I’d watch for it to break $28 again since this appears to be extremely strong but if it cant break this can correct to the downside for $1.50-2.00. I’d personally like to see it test a bit higher before shorting.

ICO sold off 8% and is down an additional 8% after hours on a wider quarterly loss reported.

PDO from last night:

“PDO - very thin not worth it to take a big position. I would watch for
the test of $7.00 again before shorting. This is one of those stocks
that could wash out to $5.50 and immediately recover to the $6.50’s
leaving shorts confused and before you know it … its double digits.”

PDO tried to test $7 again today… failed… and started its downtrend. This could wash out (dip heavily knocking out lots of stop losses causes more of a move than anticipated) but watch for it to quickly regain its composure once it hits bottom. This has not traded many shares for a Nasdaq stock and can move in both directions rather quickly. If you did take a position today based on the comments from yesterday.. keep an eye on Tim Sykes, he is trading it and can be helpful to those looking for an in depth analysis on who, what when where and how.

It’s good to keep an eye on the charts from previous post because although they may not play out as anticipated the day of … within a few days most of these have had a nice downside move. GNVC has sold off to where the first anticipated support level is, watching for consolidation this may turn the jets back on and head towards higher highs, but first it has to confirm its at bottom.

After hours today AAPL reported … as as expected will not provide many option players with any profit. You can view the release HERE. 
After a full after hours session AAPL closed with less than $1.00 of movement from the close. We’ll see how it trades tomorrow, it’s possible the market has a different view in the morning and the premarket session will reflect that. As it stands now, it’s up to BIDU to bring a little life back to the market and help GOOG carry it higher. In BIDU + AAPL = Direction Market Will Go I stated I felt the best trade here is to simply take advantage of the volatility before and after earnings. BIDU I’m sure will provide numerous $3 to $6 dollar swings in both directions tomorrow but as far as buying, shorting or playing options… flip a dice.