Stocks: CTT CNC VSCI WMG RGN UTEK AOB UBET SSBX AAPL

AAPL tested back to $178-180 as we thought tomorrow may still want to knock out a few more stop losses. This dips are healthy it allows the stock to consolidate at a much higher level than last month gaining a new bottom for the next move higher. This may want to test a few stop losses and shake out the weak down to high $170s ($175+)

VSCI from breakout scan many times, tomorrow is the big test of $6 (first attempt). This has been very well supported throughout the week, it’s not a quick move in just one day its been slow throughout the day as well, dips continually bought out. Watch for a spike over $6.

SSBX bounce watch currently $2.23 watch for any dips out of open and this may turn into a .50 to .75 bounce.

CTT - Watching for the $2.50 break this is turning into quite the sustained move, I thought it would correct around $2.00’s but keeps taking out new highs on this run. Watch for a quick squeeze over $2.50 and then I will start thinking about the short side

CNC - Watching for a $19.50 break otherwise this may head back to $16-17s over the next two weeks

WMG - We’ve discussed this one quite a bit - it has finally snapped $9.00 but unable to get a good squeeze going watch for a sell off down to $8 if it can’t gain any momentum on a $9.15 break

UTEK - Very bullish move but beginning to be on the back end of the move… will start watching here for any sign of weakness to ride it back to $13

UBET - Doubler, always on watch to see if there’s any follow through

AOB - Nice +2 spiker today, $12 gap is potential - currently at its last resistance

JRJC was able to break the last resistance and looks rather strong. I don’t think much will be in play on the short side due to probable consolidation at these higher levels.

WSCI it sold off a bit more Friday before recovering, this should test $14+ Monday perhaps recovering towards mid 14’s low 15’s by Wednesday.

UTEK still relatively strong, it didn’t test $14 the play here is the $15 break. It’s becoming less appealing on the short side… $15 break could send it spiking $1-1.50.

CNC did correct about .50 cents Friday, it needs to lose $18 again and could play down to $16.50-$17. It has to break through $18 though, or else its not even worth your radar screen.

MESA played out really well, the squeeze over $1.00 and it sat right back down after that move Friday morning. This may open a bit higher and try to consolidate around $1.00 but I’m sure we head back there sooner then later.

Scan coming soon for Monday!

JRJC - This is why its important to be a trader and not make stupid bets! After a brief correction towards $18 back on track and broke WAY past the $21 I anticipated for the bounce. This is definitely in squeeze mode and may play towards $25! This is why pullbacks are healthy because it locks in new longs and those who don’t just play the healthy corrections and cover get squeezed. $22 is a BIG break, that will push it past prior highs, it should gap over this resistance.
Some other blogs HERE HERE and HERE.

WSCI - I’m watching for bounce here at $13.63. This had a low of $13.02. This is definitely one to radar. If it sells off out of open, watch it like a hawk. This can do what FEED did today, sell off .50-1.00 more knock out any other stop losses (force people to panic sell) before recovering towards the upside. Also similar to what we saw above in JRJC, and squeeze right up past prior resistance.

Many of Wednesday breakout stocks are still on scan: VIEW HERE

If UTEK can’t hold $14 this will be good for $1-1.50 downside IMO. It squeezed at the close today watch for a gap and crap. If it can’t break $14.50 radar it for the short back to $13.

CNC - it’s attempted to break $19 twice, both unsuccessful, watch for the third attempt, if it doesn’t again, third times the charm see you at $16-17. IT HAS however corrected and recovered quickly from Tuesdays dip to the mid $17s (this is a sign of strength -bulls are still in control) so I’d like to see the bulls win, have this surpass $20 and then think about the short!

MESA - watch for this one to break over $1.00 it may squeeze from there but the more it squeezes the better because this will more than likely end up back in sub dollar range once it passes. Even with the recent settlement.