I hope some of you took advantage of the airline industry short plays out there today highlighted HERE. Notice how each played out exactly the same? That’s why its always good to have sector stocks on watch!

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ACEL - as always I don’t like the sub dollar range stocks on the Nasdaq for more than a day or two, if (ACEL) fails to break through the .70s this should be a good short back towards the .50s

VISN looks extremely bullish, notice the channels higher lows and higher highs. Watch for support around $18, this looks good for a break past $20

NKTR, watch for the squeeze towards $6 tomorrow out of the open similar to what we saw on MKTY, once it shows a bit of weakness this should test back to the $4.80-5 range

PNSN  - watch for a gap and crap similar to EPAX (shown below) which did exactly as anticipated!

EPAX from last nights scan, as you can see gapped and crapped (it opened higher than it closed yesterday, and then proceeded to tank into those mornings gains)

EPAX - another earnings play, my take is its just a low float squeezer, watch for a gap and tank… i doubt it heads much higher than $20

So… I was off by a PENNY on my low end cover range for where I expected MKTY to fall to in last nights scan listed below, or HERE. I’ll work on more accurate cover ranges for the future, I hope to narrow it down to within a fraction of a penny!

MKTY watching for a gap and crap, this is probably a pretty decent short tomorrow, but lets see how it trades out of open. Tim had a decent trade on it (from his alerts) but later in the day, it turned up towards high and closed relatively strong. This gives us another day for a possible squeeze and a higher short average. I’d let it squeeze out of open, failure to break $6 and confirmation of a breakdown I’d jump on board on the short side - back towards $3.75-4

Last nights stocks are still in play for tomorrow - commentary stands.

AKRX - earnings are coming so this is a play into that, could move hard in either direction but looks pretty bullish .. Without doing too much due diligence since I never really do… it looks like earnings are the last day of July - so I’d expected this to be volatilie until then, it may squeeze towards $5 and present a good shorting opportunity to those who panic before they are released.

EPAX - another earnings play, my take is its just a low float squeezer, watch for a gap and tank… i doubt it heads much higher than $20

SGEN looks bullish towards $12 at which point I’d watch for weakness

EZCH took out the $18 resistance this has the possiblity of heading towards $20

EZCH - On scan before - hasn’t been able to break $18 for the past 4 attempts, I will be monitoring this stock to see if it tops there, notice how fast its covered $14 to $17.50+ vs. the previous attempts where it slowly made its way there. This is what happens when a few too many shorts think its heading the opposite way and then get caught… and with that they can help it break previous resistance..

Keep on radar the Airline Stocks we posted HERE. Many squeeze back mid day into the close leaving another day of opportunity for tomorrow similar to MKTY, watch for the morning gap and squeeze and sell off into close.

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