DDUP at tough resistance, if this can break through $25 this has a lot of room to squeeze - if it doesn’t break it could be a potential short for a minor correction before heading right back up.

GST nice slow uptrending chart, watching this for the breakout tomorrow or Monday over $2.00, it must maintain the $2 level once it breaks as it hasn’t the previous 3 attempts…

IBM at 52 week highs, watch for the gap over $130 - this snapped to new highs extremely quickly, it only took 2 days to bring back all gains lost over the last week and a half.

CNSL from last nights scan, watching for the $15 consolidation level before a move towards $16.

MA - quite a squeeze off the shake/sell off/profit taking in the past few weeks since earnings, what took MA over 3 weeks to drop the distance it did - only took 2 days of recovery to be right back at highs, not to mention… NEW 52 week highs.

V - This was a great example three days ago during the trading hours of a trend reversal. There was one big long that wanted out, or for that matter a big short that felt the price was going to head down. At any rate, the stock kept suffering and kept losing support on reversal attempts. Finally after a good 10 minutes worth of selling off the volume spiked to over 400k shares. Talk about a big seller! Long story short - it turned out to be dead bottom, the stock was absorbed and it broke through all previous levels it was unable to attain when the massive seller controlled the market pressure downward. Its nice to see MA and V behaving nicely as it was one of my first post on this blog. You can read that HERE and HERE.

Thinking about actively trading? Have you joined us in chat yet?

ATPG - up $5 dollars today beats wall street views but then again its up from then $27 range. Watch for a gap and continuation tomorrow before thinking about taking advantage of some profit-taking-correction. This very well may test the $40s before it consolidates in the $36-38 range, thats the spike I’d look for towards $40.

CHTR slowly creeping up, a lot of the lower priced stocks have been holding gains and spiking into the $2s-2.50s so I am waiting for that, if it did sell off it’d be minimal and not really worth taking the risk here. If you look at how it traded today on the 1 minute chart its in a very tight channel.

NYNY - very nice move up over 300% in the past 2 months. These gains have been slow and therefore sustained because of consolidation on the way up at $2.00 and $2.50. $3.50 might be the magnet here, watch for a squeeze off that, if we don’t see one it may want to correct back towards $3.

PWAV headed up on Powerwave shares up on narrower 1Q loss; analysts lift views this may crack towards $4 on a break of $3.50. Although they are still losing money seems like people are confident at these levels, it’s consolidated a bita t $3.25, tested it 3 times… and held.

RHD - NYSE stocks are always hard to predict because sometimes they take on a life different than a normal NASDAQ stock and absorb a ton of stock on the way down and move on air on the way up (aka harder for shorts to predict). Watching for this to continue tomorrow and then should provide a good swing as shorts jump on it. If it heads read after a gap tomorrow its probably a good short but be ready to cut losses quick if it squeezes.

IBM spoke about it today mid day, this is one tough break. It was able to get through the $125 mark and did make a 52 week high however… it fell straight back down after each break. There is some heavy selling pressure at those levels, in fact there was over 300,000 shares at $125 from one seller. Once those were absorbed it spiked about 17 cents after those shares were eaten but quickly fell back towards the $124.60-75s. This may gap in the morning and take out new highs but for some reason either funds don’t want it to break yet or people are still very unsure of the market and are happy to take profits at these levels. Like RIMM, once it settles over $125 people will start talking about how its going to $150-200 once again, their psychological target.

CTT again squeezing much higher than anticipated, this may test $3, its quite a low volume play so very easy to get stuck in this. It’s an FDA type of play Competitive Technologies Files FDA Application for Pain Management Device. So there is some forward looking events on this which is allowing for quite the sustained run, I do expect though… we see $2.50s again after it spikes a bit.

UTEK After consolidating for 2 weeks holding ALL gains, UTEK busted right through the $15 resistance and carried on through the day. $16-17 is possible I wouldn’t anticipate much more for this run.. It may bore out a lot of traders but within 2-3 weeks it’all probably be back to $14. They were upgraded today TSC Ratings’ Upgrades, Downgrades.

IBM attempting its 7th try to break $125 (its 52 week high) following the break this will join the big leagues as the “next $200 dollar stock”

Some other blogs regarding IBM HERE HERE and HERE

Here’s a mid day update with quite a few movers today. Many of the big boards are moving positively towards the fed rate decision.

Visa and MasterCard broke out to all time highs this morning!

GOOG - Beautiful week long consolidation before breaking out, $600 magnet

BIDU - $400 is a magnet

V - What a move $85 break can really move this but it may need to correct, consolidate and then make its move towards $100

AAPL - squeeze trigger $180

BWLD

ALGN

ESMK

IACI reversal watch

IBM watch for consolidation around the $120-$122 level, breakout is $125

KRY - Huge tank after being halted this morning - many traders in chat caught a .40 cent bounce, congrats. Join us in chat if you haven’t already, all it takes is one day and you’ll be hooked!