Tomorrow will be a potentially slow day due to the holiday weekend. At the same time, their may be less sellers sticking around for the long weekend and instead some nice squeezes. It’s always an interest day in the past years I’ve been trading…

Well there sure were a lot of breakouts today, that’s for sure. I won’t list the charts of all, we know what they were: ABK, FED, MBI, FNM, FRE (was lagging) LEH, GS - more weight the first four in the range that I enjoy playing. All of which I’m looking for a further gap and squeeze and possible sell off, but nothing more than a trade. These are complete short squeezes and taking a gradual week long bullish move and apply the gas this afternoon into the close. I’ve focused on a few of the less popular stocks that are in play that won’t be backed by WSJ, CNBC and others.

STXX originally a Lebed pump, a huge sell off, a large bounce, and huge shorting opportunity and here we are again another spike and potential shorting opportunity. Extremely low volume, spreads aren’t TOO bad which is hard to come by with stocks that trade this low volume. Watch for the test/break/failure of $4, need a $.50-.75 spike to get my interested for a starter short position after that I’ll add on weakness - $3.62 currently in the past it tends to gap heavily the next morning nad sell off through the day

ZINC should test over $8, very bearish over all though, if it can’t continue to squeeze over $8 I’ll join the bears, its at previous resistance now, if it breaks look for mid 8’s to 9 to top out, I doubt much higher

TAYD watching for a gap test of $8 and weakness. It’s possible if it breaks last highs that it continues and it bases in the mid $7 range to support a move much higher. Superman HERE enjoys/has played/will play/is playing this stock and I’d watch for his thoughts on it if historical moves mean anything to you.

PBNY I’ll buy the $14 break with a stop just under it, pur ebreakout chart here ready to test $15

IDMI gradual climber, lots of volume today and close HOD, this is bullish hoping for an accelerated move towards $4

UFI similar feeling as IDMI, $4.50 appears to be a magnet after that I’ll begin monitoring for any acceleration in the move as we saw today on RHD

Few other short potentials can be found HERE.

Last nights scan HERE turned out nicely on the short potentials IPII and FIGI as well as the STSI breakout, watch for a squeeze if it test $3 again tomorrow.

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Few new on the under the radar scan HERE.

These are my main focus because in times of liquidity, you’ve to take advantage of it. It’s hard to find a stock that does an intra-day double while swinging up and down $.50 to $1.00 on the way up/down.

I expect strong gaps followed by strong corrections tomorrow. This should be in play all day and a short/long fight yet again.

FRE  Freddie Mac

FNM

LEH

DTPI  Diamond Mgmt & Technology Co - major squeeze out of the open Friday after it opened nearly 50% down, it shot right up and closed near high of day. This should be good for a short after a test of $6.

SOAP  Soapstone Networks Inc $4.50 break is what I’m watching for, it could spike if it breaks and holds. If $5 can break after consolidation this could turn into a multi day move.

Few others from Saturady’s scan HERE.