Previous thoughts HERE.

SINO is probably the best prospect for trading Tuesday. It’s going to remain volatile providing both multi dollar swings up and multi dollar swings down. I don’t think it will dip too much more from here (at least tomorrow - I’d expect a dip out of open towards the $16-16.50 level) but as always I could be completely wrong. No one knows its future yet (which is what leads to its volatility) there will be a battle both long and short. Friday had a large walk down all day after the big spike to start the day which got everyones attention to start chasing - as anticipated HERE. After the big move out of open (spike to $27.49) it consolidated through most of the afternoon before beginning to make lower lows through out the second half of the day .. leaving all longs scratching their head as to why they bought so high and created a domino effect nearing close scaring the new buyers into selling into the weakness. The big question is - are the buyers at these levels just buyers because they think its bottom, or is it big buyers that will soak up the float and support a move higher. If its anything like EFUT which went from $6.80s to $15 back down to $10 before taking off to new highs (and FFHL for that matter) its going to get very difficult for the trader if its controlled like EFUT was. At any moment a big buyer can show weakness to accumulate at a lower price.. they will. With EFUT there numerious fake breakouts before finally taking off that bored out all longs.

Another reason for a big sell off is DRYS performance over the last few days. Also keep in mind, its all hypothetical that it may carry the same momentum that EFUT had, its possible that was the biggest move this stock will have for months.

SINO

DRYS

If you haven’t jumped in chat yet, please check it out HERE.

Nothing too appealing to start the week I think the best play will be SINO which I will detail in my next post.
If you didn’t catch the SINO post from last week you can do so HERE.

CRMT approaching a breakout level here - this may start to squeeze if it can hold the $16 level right out of open Tuesday. It’s been a rather slow and steady move up so there isn’t any real need for it to consolidate but it may trade sideways for a few days around the $16 level before a $1.50-2 dollar spike towards $18 if it begins to squeeze.

PEIX may be good for only tomorrow for a bounce, I do think there will be .50-.60 cents upside from this $4.20 level but that’s about it. It didn’t seem like people enjoyed the preferred stock sale and it sold off through the day on Friday.

IVAN - We first began watching for it to begin breaking new highs at $2.10. Over 5 million shares traded on Friday, keep an eye for the $3.00 break. Its approaching some long term resistance if it can hold these gains and break the $3 it may turn into a more powerful squeeze towards $3.50 before it settles.

ISLN - this one is a reversal watch, watching for the $5 dollar break. Volume starting to pick up, if it does break - $5.50 is the next test. If it has a hard time breaking it, take profits and move on because it may just trade within its channel.

NAVI reversal watch for the $4 break. If successful this may turn into a multi week/month move towards $5.

PCTI - similar to CRMT, at highs, breakout mode over $9 for a potential squeeze. If it can’t break it, its a short watch similar to GTE (which provided us with $1.50 downside when it was unable to break its resistance point)..

CHTL finally getting volume worth noting - this comes off the under the radar scan a few weeks back. This has been slowly creeping up and looks like its at a point to start the move as we saw with KYUS after 6 months of slowly up trending the stock.

More scans coming shortly for tomorrow Tuesday, May 27th.

Check it HERE. Pretty neat for those who are just beginning to trade that want to learn how to read a level chart.

Please view that here: http://www.mogulus.com/livestock