Here’s a recap of last nights scan which you can view HERE. I will have a scan shortly for trading ideas for tomorrow, the 12th of August.

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CHC panned out perfectly this morning giving a .50 cent spike right out of the open, weakness kicked in, a second attempt at breaking towards a new high failed right around 11AM as you can see on the daily chart below. It broke down a bit at the end of the day this may still be in play because of the dividend I’d watch for the support to kick in just below $3 ($2.75-$2.80).

From last night’s scan:

CHC 300% off bottom watching for continuation over $3 tomorrow and hoping for a squeeze to short on ($.50 to $.75 spike) if not I’ll watch for weakness to kick in and join it. A brief look at Yahoo does show they have a few things going on, such as a divy of 7.5 cents and instead of losing $150m they made $3.6m. So with all of that it may be a worth while long once it consolidates after a brief correction.

GTCB another one actually spike higher than I thought but even better for those who could get a borrow, I didn’t. Either way you can see the second attempt at 10AM to creating a lower low and weakness kicking in throughout the rest of the day.

From scan last night:

GTCB on radar for the test of $.60. I’d assume it’all test it right out of the open, once weakness kicks in it’all probably sit right back down.. like all of this sub-dollar stocks but its possible to have another full day of momentum towards $.70, it may be a hard borrow as welll being under $1

ISIS up nearly 7% today this is a great break of previous resistance points, look for more continuation out of the open tomorrow and then I’m probably happy with 10% profits in two days

ISIS I’ve attached two charts, $18 is VERY tough resistance its been over it once in the last year (the first chart is 6 months, the second is a year) if it breaks this should be a good play towards $20 plus and a worthy buy on the breakout

You can’t win them all especially selling on Friday with a move like MHGC, but I could sleep well, realize next weeks a new week and come into Monday with no positions, missed another 6% today, I know a lot were playing this on Friday from some of the comments and more so the e-mails I received, so I hope everyone had a good profit opportunity there. I’d expect this to test $18 before slowing.

MHGC the stand out from scan! Did exceptionally well and nailed it on the break out. $15 needed to break and hold, the next test intraday was $15.50 where I expected an immediately squeeze towards $15.75 area. Well we got a lot more than that hitting $16.38! Although extremely strong into close and probably gap on Monday nothing is better than going into the weekend all cash, so that’s exactly what I did. You can see all comments HERE during the trading day regarding the buy/squeeze points and breakout.

MHGC this is probably a good buy on the $15 break - triple top and break will make it squeeze towards $16 probably good for a quick dollar or two.

The airline sector is still extremely bullish since originally creating the sector scan.

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CHC 300% off bottom watching for continuation over $3 tomorrow and hoping for a squeeze to short on ($.50 to $.75 spike) if not I’ll watch for weakness to kick in and join it. A brief look at Yahoo does show they have a few things going on, such as a divy of 7.5 cents and instead of losing $150m they made $3.6m. So with all of that it may be a worth while long once it consolidates after a brief correction.

GTCB on radar for the test of $.60. I’d assume it’all test it right out of the open, once weakness kicks in it’all probably sit right back down.. like all of this sub-dollar stocks but its possible to have another full day of momentum towards $.70, it may be a hard borrow as welll being under $1

POWR up nearly 45% in a day, this can still squeeze the shorts out of open, so be careful jumping on the short wagon right away let this test $8.85 if it breaks $9 is next point of interest, on the break that’s where I’m looking to short after it squeeze over it… if its extremely gradual it may not be worth the short, as always I’m only interested

PWER this is a reversal stock, about a month of consolidation and its just breaking out of that channel, theres a good chance it fills the gap between $2.50 and $2.70 from mid June

PHH $16 support, as long as it holds it this has a good chance of spiking towards $18-20 short term. Friday’s move was based on it turning a profit

ISIS I’ve attached two charts, $18 is VERY tough resistance its been over it once in the last year (the first chart is 6 months, the second is a year) if it breaks this should be a good play towards $20 plus and a worthy buy on the breakout

MVSN another chart of interest because of the double top coming up, if it can break this is a very bullish pattern, I wouldn’t chase the breakout though, this may want to consolidate around low to mid $16s before testing the breakout