Scan coming shortly for tomorrow - here is a slight recap as well as some new notes. If this is your first time here please sign up HERE to receive them via e-mail!

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GTE made quite a move as of late and provided a great short after topping out today providing nearly a $2 dollar short from highs. I’d say it’s time to take this one off radar because the easy move is done here. It probably will channel between $7.25-$8 range if its going to head any higher. Most of the move is done, downside will be limited by possible consolidation.

From scan HERE.

GTE Gran Tierra Energy Inc - great break over the $7 we were looking for HERE, no reason to short this one until it spikes .50 to $1.00 in a day. Looking good, although I am monitoring for weakness once it goes red could head back to last weeks prices quickly.

IPSU great move today watching for more of a move tomorrow, needs to hold $14 as support for a confirmed reversal

IPSU Imperial Sugar Co New - coming off bottom, I am a buyer on the $14 break for breakout towards $16

MEA at tough resistance - if it breaks this will easily crack $18 and squeeze towards $19 in my opinion. Worth a watch if it does (it needs to break May’s highs to force any shorts to cover)

MEA Metalico Inc - Not convinced but we’ve had good luck with this pattern lately like ENOC found HERE (which had a great breakout today)

TGC tested $2, profit takers came in ask expected and sat right back down, the move will probably get boring if it doesn’t break any higher out of open tomorrow - if it retest $2 it may have staying power, but I doubt it - we’ll see consolidation around $1.60-1.80 in my opinion.

TGC Tengasco Inc - great scan by Timothy Sykes huge breakout this should gap and test $2, at which point I’d probably be happy with my gains until it consolidates again and proves it can move higher.

From Scan HERE

Sure enough, $7 level consolidation and reversal, good for 50 cents + so far, next test = $8.00.

SONE S1 Corporation - nice break over previous highs, watching for consolidation around the $7 level for a reversal

TIV has surprised me by holding up, if it breaks under today’s closing price I may take a starter short position and add on the break back under $9, looking for $.50 to $1.00 correction. BUT keep in mind, don’t try to guess the top, only if it breaks red - be ready to cover if it shows strength.

TIV Tri Vy Corp - great trade from scans last night this should test $8 easily on the momentum from today

BOLT I’m done with for now, it panned out exactly as anticipated - $24 didn’t crack and it corrected today $1-2 from highs. Right now the easy part is over so I take it off my immediate scan until it shows up on scan again or is nearing a break point, no sense trying to force a play when it could go either way.

BOLT Bolt Technology Corporation - If this doesn’t break $24 I’d look for the short ($1 to $1.50 downside potential, I wouldn’t marry the short). If it test it and can make it past $24 it may test $25+

ARTE unable to pass $2.00, nice .60 cent short for those who went for it - not an attractive trade any longer for me.

ARTE Artes Medical Inc - squeeze mode watching for this to test $2 for a short if it can’t pass it.

ENOC been a fun one, hit $19 today from buying on the $16 break, this is an attractive stock for a gap and squeeze tomorrow, to sell a long position and think about taking advantage of a $1.00 or so correction.

ENOC Enernoc Inc - Great chart, great consolidation I would buy this on a $16 break

From Scan HERE.
This turd falling to new lows, it trades thin so I’m sure they’ll try to prop it up as many times as they can to sell as much stock as high as they can - but we’ll see how it pans out, those who followed the report above regarding doubling stocks made about 90 cents on the short side. My position is listed there as well - I may just let it pan out over the next few months as this thing drops - but we’ll see, trade it at your own risk.

ELNK broke the buy area hoping for breakout over $10.50+

ELNK Earthlink Inc border line breakout here, I’m a buyer on the break of $10. Nice consolidation between $9.50 and $10, I’d say downside near term is limited and a better breakout potential.

BDCO Blue Dolphin Energy Co - lots of sympathy play action on this one. It did break last highs so does look attractive but I’m not a buyer unless it dips and breaks back through $2.25 to maintain momentum.

GTE Gran Tierra Energy Inc - great break over the $7 we were looking for HERE, no reason to short this one until it spikes .50 to $1.00 in a day. Looking good, although I am monitoring for weakness once it goes red could head back to last weeks prices quickly.

IPSU Imperial Sugar Co New - coming off bottom, I am a buyer on the $14 break for breakout towards $16

MEA Metalico Inc - Not convinced but we’ve had good luck with this pattern lately like ENOC found HERE (which had a great breakout today)

TGC Tengasco Inc - great scan by Timothy Sykes huge breakout this should gap and test $2, at which point I’d probably be happy with my gains until it consolidates again and proves it can move higher.

This is just a brief scan tonight I will have more comments in the morning, congratulations on all the big movers off scan such as ENOC and TIV.

TIV acted exactly as we thought stated HERE - It tested $9 squeezed and headed back under $8.50 - taking profit was the RIGHT choice!
From Today:

TIV I’m not ready to short but I’m ready to take a handful of profits, if it can consolidate and hold $9 this can continue its squeeze into the low to mid 9’s but I’d rather have missed profits than losses! I’d expect it to test back towards the $8.50 level after any large spike over $9

Check back in the morning for more posts!

It’s about time, after not bouncing the first attempt it turns out that sure enough, it did want to test its previous low, it did, and now its far from it!

Here’s my previous post found HERE.

SINO - Watch for the $10 test, that is the all time low from this recent IPO. The big players in this deal may try to hold it there and a 50% bounce is possible as we saw earlier. It has not yet tried to bounce and has lost nearly all volume. If $10 breaks watch for the panic to play the bounce. If it dips more than 50 cents I will probably take a starter position since theres not too much downside risk, IMO. Again only a small position so that I can sell easily with a small loss if it does opposite of what I am thinking, or I’ll have the ability to add to the position if I want to let it slide a bit before it attempts another bottom.

So… 25% bounce already, I was/am looking for a 50% bounce from lows (which I figured was around $10 - 50% will be $15.)
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Other Stocks off the SAME scan worth noting, reversals and breakouts are in progress:
One thing I enjoy about doing this blog is at times reviewing old scans can at times be your best scan. Everyone trades differently, typically I look for a breakout pattern out of consolidation and increased volume among other things I input into my scan. But at times what I’m scanning for may be lacking one or two pieces to match my criteria, so I’ll never see it.

Try it out see if there are patterns that you like, most of the time the stocks I pick are either breaking off bottom or breaking out, SO if they aren’t in play the very next day theres a good chance they will consolidate and make a move very shortly after. If you scroll down to the bottom of each blog you can view previous scans and just scroll back, you can use the tag could on the right side of the most popular stocks, or you can navigate through the categories.

Here’s a few that my scanner picked up recently from THIS POST and are currently worth watching along with tonights scan found HERE. The quoted text is from the previous scan and still applies. Any added comments I have added below.

(FMD) A breakout over $4 is imminent! $4 break is a good buy in my opinion.

FMD - First Marblehead Corp has dropped quite a bit in recent months. If it can move above $4 that will break a double top and turn into a multi day move towards $6.00. If it really gains momentum this could fill the gap back towards $8 if you look back towards mid April. Watch for a dip Tuesday and if it gains strength and breaks through $4 definately put it on watch for a buy.

(CKNN) - I’m a buyer on a .50 break - you can’t ignore the volume today but I’m still not a fan of these low priced Nasdaq’s - but I’m sure someone who reads this loves them!

CKNN usually I’m not a fan of these low priced Nasdaq’s since they probably have a looming de-list if their share price isn’t above $1.00. But at the same time some of these stocks usually run through $1.00 on plays like that - so I’m watching to see if this can hold its gains and consolidate a higher level, if it can I’d expect it to turn into a good play since it has dropped significantly over the past few months. However - if it can’t consolidate and start heading higher, its not worth to keep it on watch.

(XRIT) $2 has proved to be tough support, it has started its reversal

XRIT- if this holds $2 support this can become an easy double, it has room to run towards $4.00 with a bottom reversal and minor short squeeze, if it can’t break over $2.50 this may head back to new lows.

(GTE) the break over $7 gave it an accelerated move towards $7.50 - hit a high of $7.76 today and settled at $7.60, this is why the breakout trade is worth it!

GTE - Gran Tierra Energy Inc. - consolidated after the last run and is now ready to attempt more highs, last time it stopped right at $7. If it fails to break again this may turn into a long term short towards $5. Watch for the gains to hold from today, if it can start to break higher it may be worth it to be in when it attempts the $7 break as it may accelerate towards $7.50+ on a squeeze.

These are all good plays to have on your radar tomorrow but I did my daily nightly stock scan HERE.

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FMD - First Marblehead Corp has dropped quite a bit in recent months. If it can move above $4 that will break a double top and turn into a multi day move towards $6.00. If it really gains momentum this could fill the gap back towards $8 if you look back towards mid April. Watch for a dip Tuesday and if it gains strength and breaks through $4 definately put it on watch for a buy.

CKNN usually I’m not a fan of these low priced Nasdaq’s since they probably have a looming de-list if their share price isn’t above $1.00. But at the same time some of these stocks usually run through $1.00 on plays like that - so I’m watching to see if this can hold its gains and consolidate a higher level, if it can I’d expect it to turn into a good play since it has dropped significantly over the past few months. However - if it can’t consolidate and start heading higher, its not worth to keep it on watch.

CYTX - Cytori Therapeutics Inc on quite the tear lately, watch for it to test $9 before thinking about shorting if it breaks it could squeeze quick and starting jump up by a dime at a time. If it breaks it, wait for it to show weakness and break back under $9.00.

HGR - Hanger Orthopedic Group Inc - If it can hold today’s gains this should test $14 fueled by the 52 week highs - notice the consolidation between $13-14 these past 2 weeks, supporting a move much higher.

NOG - Northern Oil & Gas Inc - Watching here for it to re-test the $15’s if it fails this may be a good short for a buck and a half. If it fails to break under $14 it’s probably going to consolidate and head towards more highs $16+

XRIT- if this holds $2 support this can become an easy double, it has room to run towards $4.00 with a bottom reversal and minor short squeeze, if it can’t break over $2.50 this may head back to new lows.

GTE - Gran Tierra Energy Inc. - consolidated after the last run and is now ready to attempt more highs, last time it stopped right at $7. If it fails to break again this may turn into a long term short towards $5. Watch for the gains to hold from today, if it can start to break higher it may be worth it to be in when it attempts the $7 break as it may accelerate towards $7.50+ on a squeeze.

SINO - Watch for the $10 test, that is the all time low from this recent IPO. The big players in this deal may try to hold it there and a 50% bounce is possible as we saw earlier. It has not yet tried to bounce and has lost nearly all volume. If $10 breaks watch for the panic to play the bounce. If it dips more than 50 cents I will probably take a starter position since theres not too much downside risk, IMO. Again only a small position so that I can sell easily with a small loss if it does opposite of what I am thinking, or I’ll have the ability to add to the position if I want to let it slide a bit before it attempts another bottom.

CBRX watching for an accelerated breakout for a short. $4.50 is where I’ll start watching because it will either top or break through towards $5 on a major squeeze - on which case I’d like to short into the strength and take the scalp when it corrects.