Fortunately the market’s recent move has had a lot of support by stocks like AAPL, BIDU and GOOG allowing it to consolidate at these higher levels without a sell off. We have two “BIG” stocks left (Visa and MasterCard) - there are a lot of people that are sitting on the sidelines with Visa because its their first report…
MA has held ALL gains and has been knocking out 52 week highs left and right even when the market was in the gutter. I expect a lot of volatility between the two stocks tomorrow. Visa could test $80 if people are optimistic enough. Again as with BIDU, AAPL and GOOG, risk vs. reward .. I’m not sure I’d hold over.. you’re throwing a dart again.

If Visa hits… it’s going to $100, period.

Tim Sykes compares it to card collecting in the 1990’s and earlier in an AOL article he discusses HERE.
Or You Thought VISA (V) was the Hottest IPO of 2008? Wrong.

Other upcoming earnings HERE

Other Financial Blogs relating to MasterCard or Visa HERE HERE and HERE

List: JRJC OMNI MMR RJF WSCI

Not to many on scan tonight - the one I like best is JRJC. The key break here is $20. If it can’t break and heads down in the morning its a short back to the $18 range. Each day the morning is powerful about 30 minutes after open (the past 2 days) it squeezes to its high of the sale before selling off and leveling out through the day. The previous high is $22 area, so upon a $20 break this could turn into a rather bullish move. Here’s how to play: Watch it for the squeeze 30 minutes into open, see how it reacts, if its sub $20 and unable to break it… may begin its sell off.
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On another note, after it consolidates, a $20-22 break this can turn into a nice play, heres a 1 year chart to see what it’s done in the past

OMNI has been quite the runner in the past and you have to be careful for that. But $5.25 is the breakout here. If it cant break it, this will test sub $5 again.

MMR - has made scan quite a bit lately and definitely worth the watch. My previous thoughts on how to play this still stand. It’s got $30 written all over it but that doesn’t mean it will make it there. If it does… we watch for the squeeze over it to short on .. if it doesn’t theres a good $2-3 dollar downside. But Thursdays dip and recovery shows the strength in this stock, so I’d love to see a squeeze but still going to jump on the short the first second I see it.

RJF - its a short if it can’t break $29. If it does watch for the spike towards $30 before thinking about it. This should retest $27.50.

Bounce or short time? AWBC
I like this one for both sides (long and short), I played both sides on Friday using a 1 minute chart to find support levels or resistance levels. Each .40 to .50 cent move was followed by a .20 cent correction. The stock may want to retest $4 before it decides on bouncing - if it looks like it may head that direction… theres a lot of downside, keep in mind Fridays low was $3.22. Come to chat on this one, many people will be playing it.

WSCI - $18 is key, if it can’t break to any new highs out of the open Monday this should have a $1 to $1.50 downside towards $16. I’d like to see it squeeze closer to $18.50 or $19 to really capture a nice downside.

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