BONT and HA led the scan with breakouts from their consolidation patterns. BONT had a great day up just over 11% (or .99 on the day) appears like it may test $10 here. HA also was up 6% (or .50 cents). WMG headed towards $9 again but unable to break $8.88. It still appears strong but may want to test $8 to 8.25’s not realy worth the short IMO unless it spikes much higher. Still only on breakout watch ($9 being the breakout point). STEC consolidating still topped off at $9.40 ($9.39 the day before). This is becoming the point to watch, if it doesn’t break in the next few days it may test $8, if it does break it may head towards $11-12 not just $10. But either way I don’t like STEC or WMG for shorts.

GST - great move off months of consolidation in the $1.25-1.40 level, this can support a move towards $2+ before higher consolidation around the $2 level.

The next four stocks are BORDER LINE BREAKOUT

WMG - Watching here for a $9 break it’s been consolidating just south of it for just over a week now.

BONT - has had about four days of consolidation, two days ago sold off to the high 7’s and recovered right back to its highs. Todays break was unsuccessful but the next attempt may break turning this into a multi day move.

STEC - Consolidating just above $9 - watch for a breakout above todays high around the $9.40 level. If it doesn’t it the next few days it may want to test the $9 level a few more times. More INFO.

HA - borderline breakout this may squeeze above $8 - watching for this breakout because this will turn into a multi day short in my opinion.

Breakouts:

CMO is on the verge of breakout, this could easily fill the gap to $16.00 on a break of $13.92 (lets call it $14) which is the 200 day moving average. There is a double top around the 13.75 area. The play here is buying on the $14.00 break.

BCF is breaking its all time highs, this is well on its way towards the $20s

ENI - Amazingly bullish stock, this is heading for over $20 and hasn’t shown any weakness to this point.

Short Watch: Near Term

BEXP topping off it may squeeze through $10 but if volume dries and starts to show weakness this will test sub $9

GBRC - this one is topping off, perhaps one more squeeze towards the $4.50 range and that’s about it, this is up way to much.

The following I am looking for spikes to short on, these are all on the verge of breakout but still have another $1 to $2.00 in their squeezes, if they don’t and turn red, perfect time to short - these are not long term shorts they are just short term trades. It’s taking advantage of a price correction after a huge move higher, although they may sustain over the long period and make even more highs they still need to consolidate and filter out some of the longs. Investors/Traders end up satisfied with there enormous gains in such a short period of time and the first sign of weakness they are afraid to give them all back.

HL I’d like to see test $14

HA - this could squeeze almost to $10 before it takes a break

AAV looks very toppy today but given market conditions I’d like to see another squeeze out of it before I’m convinced theres a good short side opportunity

CLR - what a move for the longs, this may test $45 again shortly but needs a break if it’s going to hold any of these gains longer term

CF I wouldn’t be surprised to see $160 before it gives shorts some ease

BG on watch towards $130

BTU $68 I’ll start watching