Tomorrow will be a potentially slow day due to the holiday weekend. At the same time, their may be less sellers sticking around for the long weekend and instead some nice squeezes. It’s always an interest day in the past years I’ve been trading…

Well there sure were a lot of breakouts today, that’s for sure. I won’t list the charts of all, we know what they were: ABK, FED, MBI, FNM, FRE (was lagging) LEH, GS - more weight the first four in the range that I enjoy playing. All of which I’m looking for a further gap and squeeze and possible sell off, but nothing more than a trade. These are complete short squeezes and taking a gradual week long bullish move and apply the gas this afternoon into the close. I’ve focused on a few of the less popular stocks that are in play that won’t be backed by WSJ, CNBC and others.

STXX originally a Lebed pump, a huge sell off, a large bounce, and huge shorting opportunity and here we are again another spike and potential shorting opportunity. Extremely low volume, spreads aren’t TOO bad which is hard to come by with stocks that trade this low volume. Watch for the test/break/failure of $4, need a $.50-.75 spike to get my interested for a starter short position after that I’ll add on weakness - $3.62 currently in the past it tends to gap heavily the next morning nad sell off through the day

ZINC should test over $8, very bearish over all though, if it can’t continue to squeeze over $8 I’ll join the bears, its at previous resistance now, if it breaks look for mid 8’s to 9 to top out, I doubt much higher

TAYD watching for a gap test of $8 and weakness. It’s possible if it breaks last highs that it continues and it bases in the mid $7 range to support a move much higher. Superman HERE enjoys/has played/will play/is playing this stock and I’d watch for his thoughts on it if historical moves mean anything to you.

PBNY I’ll buy the $14 break with a stop just under it, pur ebreakout chart here ready to test $15

IDMI gradual climber, lots of volume today and close HOD, this is bullish hoping for an accelerated move towards $4

UFI similar feeling as IDMI, $4.50 appears to be a magnet after that I’ll begin monitoring for any acceleration in the move as we saw today on RHD

Few other short potentials can be found HERE.

Last nights scan HERE turned out nicely on the short potentials IPII and FIGI as well as the STSI breakout, watch for a squeeze if it test $3 again tomorrow.

LBAS feeling some of the raft from the recent FOUR tank, shorters probably liked their chances and kicked this one to the curb, this can still fall … towards $6 but keep in mind the volume, play safe its low volume it can head back up just as quickly - if you missed this one check out yesterdays post.

FOUR nearly a double who followed in at $1.40 level yesterday right HERE! Congrats to all those who played!

ABK down nearly a dollar from $6 had a tough time holding that level, I’d like to see it fill the gap towards $4.80

RHD VASC both border line breakout/reversal

ABK to my surprise actually did test $6! But failed to break it (besides the few that got squeezed thinking it was going higher) $6 proved to be top and presented a near .40 cent drop into close. I will have a recap of this weeks events more than likely tomorrow and a scan Sunday night for Monday trading ideas, so do check back!

ABK with the recent momentum may test $6 but I doubt it breaks it, it’s up a lot after hours, watch for the test if it fails it should head back down from there, if it opens near where it after hours ($5.20) watch for it to lose $5 to short

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OMRI returned $2 off the $20 break as anticipated, worth taking profits at these levels in my opinion risk/reward - From scan below HERE.

OMRI nearly a dollar of upside after the break of $20! This should gap test over $21 tomorrow in my opninon.

OMRI $20 break should suqeeze after some very nice consolidation within the past month, upside potential $1.50-2 on the break in my opinion.

TSYS volume steady, $8 needs to hold, if it can’t watch for the short back towards $7, if it squeezes out of open and fails $8.25 (today’s highs) I’ll take a starter position on the short side.

TSYS monitoring like crazy tomorrow, still bullish, it had a nice dip today but fully recovered which is a bullish sign and could cause a squeeze. I will post more tomorrow regarding this because I’ll probably trade it on weakness.

TSYS gapped up, held all gains today, would like to see the test nearing $8 once this shows weakness this may be a nice one back towards $6.75 or so

UPFC monitoring heavily for the short, watch for any gap and squeeze out of open, the spike probably a result of a decent quarter (I didn’t read it) but I’ll take my chances that 56% gains on Chief Credit Officer news is just momentum and a squeeze and won’t last. Hopefully it gives a .50 spike out of open to have better returns on the downside but if it can’t hold $4 its a safe bet.

After long consolidation this is starting to head off the bottom, it’s pharma play but starting to reverse “Indevus says bladder treatment gets US patent” can carry it, watch for support at $2, take a look at the 6 month chart and you’ll see why I’m interested, this dropped fast from $6 range on nearly 50 million + volume, so even if 10% of the volume comes back this could result in a nice squeeze towards $3+

UDW let the momentum and happiness subside, let it test $.30-$.35 and we’ll see where it ends up. It’s probably going to be a tough borrow, more so than a short I might watch for the bounce after it sells off for a day or two, if the third day starts off with a dip, I’ll take the chance and load up.

ABK with the recent momentum may test $6 but I doubt it breaks it, it’s up a lot after hours, watch for the test if it fails it should head back down from there, if it opens near where it after hours ($5.20) watch for it to lose $5 to short

Two plays below (MBI) and (RDN) are turning into some exceptional plays. MBI which I had originally covered HERE which I was so dead on I had to devote a post to just that, “Things that make you go Hmmmmmph” HERE held it’s $8 and squeezed past $10 today. This is a slow and gradual move and can test $12 before showing signs of weakness in my opinion.

MBI looks like a good reversal coming off the bottom, I’d watch for dips back towards the low 7’s, once support kicks in probably pick up a few for the test of $8, on the $8 break I’d probably add to it

RDN has held all gains basing again at $2.00 and is nearing in on a double. This should test $4 tomorrow if it can break past it with a bit of momentum it should squeeze, I’m looking to short on the squeeze but there is enough volume that I’ll wait for the weakness to kick in and join after.

RDN - 46% gains on Friday, this has been liquid since hitting bottom trading many times on average over 10 million shares. This could turn into a major short squeeze if it can hold Friday’s gains Monday.