EXXI very nice move off consolidation, at this point I’m only watching for a more of a squeeze there is no reason to take a position or short here, it’s like throwing darts, watch for this to break $7 before stalking it. The downside is small in my opinion, there has been lots of consolidation in the $5 area.

FEED - beautiful bounce off the lows all the way back up to new highs - This is in squeeze mode watch for another $1-2 dollar move and you may be in business for a correction back down to $20. But I’d like to see it test today’s highs again. I was looking for WSCI to do a similar move but the correct back to $13 wasn’t enough and broke back under $13. It’s definately on watch now on the re-break of $13 which could be a move back to $14+

FBP on watch for the break of the quadruple top, if this breaks $11.15-11.25 this can really spike as its been tough resistance for months

WHT breakout chart watch for a move towards $4.50, consolidation around the $4.25 level before a move higher.

VSCI from scan last week and this weekend - on a tear towards $6.00.

DSCO short watch - I’d like to see it trade above $2 before it heads back to $1.30-1.40s but it may not…

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VSCI broke through $5 Friday closing at $5.23, this was from our buying the breakout scan. Others from that scan include HDSN is also sitting at $2.50 (breakout level) and WMG will not give up trying to break $9.00.

SSBX Bounce Watch - $2.62 was Fridays low, if this breaks it may test towards the low $2’s. Watch for dips out of open Monday this may play towards $3.25-$3.50 on a bounce. Its highly likely it may want to test the $2.50s first.

GTXO under the radar breakout scan - chart is setting up nicely. Nothing really here to comment technicals wise since it appears fully controlled. Similar to KYUS and the past success of MXFD.

LGDI taking on a new life, this may gap over $4 probably $4.10-4.30 range.. this may have enough strength for a few more days if it can hold all of Fridays gains out of the open Monday… if it can’t hold $4.00 … see you at $3.25 (or lower)… fast. It does look rather powerful though, I’d like to see a parabolic before it corrects.. unless of course it has reason to support a $600 mil market cap here

AVR - Aventine Renewable Energy breaking out of its downward channel, on the $6 break this could squeeze huge.

Breakout Charts - All appear to have more upside but any abnormally large spike out of the open should be considered a short watch to take advantage of any over extension. All appear to be very well supported and might want to break out of current channels for good.

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RUTH - this can play up to around $9.00 before meeting any real resistance

RUTH mentioned here by Bob O’Brien always worth the read

NTWK - $3.00 automatic, just a waiting game

MOSY $5.50 break could bring some fireworks back towards the $6 range

TSYS - this may gap and grab, if it has any follow through could turn into a multi day runner towards $5.50-6 on a $5 break

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As I had mentioned before it’s not always the next day that the scan plays out. Most of the charts I post are up over 30-40% in just the past 10 days alone. Note how they’ve squeezed, topped off and corrected.

The two previous scans with the most charts can be found HERE and HERE.

MMR - Three failed attempts to break higher than $29 and change (-$2.00 correction)
EXM - Four failed attempts to break $45 dollars (-$5.00 correction)
JRJC - After the squeeze to short on detailed in this point (-$3.00 correction)
BEXP - Double top at $10 - unable to break ($-1.00 correct)
HL - After a failed second attempt to break $13 ($-3.00 correction)
CLR - After a squeeze Monday $1.00 after the mornings dip ($-5.00 correction)
CF - Unsuccessfully breaking $160 after a multi month squeeze (-$29.00 correction)
BTU - After the quick squeeze above $70 - the breakpoint and failure it’s base ($-10.00 correction)

This is not a “I told you so” style posting. AT ALL. This is to show that yes it does work, we wait for the pattern to play out, you need to focus on break points (previous highs, psychological, 52 week highs, double/triple tops etc.) and watch for weakness. Additionally it’s worth watching for spikes. I tend to watch for a spike of .50-1.00+ to short on, normally if these types of squeezes happen (or even a multi dollar squeeze) this signifies a “blow off” to the squeeze which you need to take advantage of. Many would argue that shorting is the riskiest thing to do since you can lose everything… but I’m not suggesting going short for a long period of time, you are simply taking advantage of an over extension.

As I mentioned in last nights blog, it might be time to buy after some of these consolidate, after all in most cases its healthy to have a pull back. Get the traders out, those happy with their short term 30-50% gains (as I said most scans are up 30-50% in 10 days), shake out the weak and bring in a new batch of longs taking a position for the longer term.

I will have a scan for tomorrow (Wednesday) shortly!

I hope you’ve found some of this weeks plays profitable. EXM is down near $4.00 from where it opened.. this is a text box “gap and crap” as explained in the last post. MMR is down just over a dollar, it still has a way to go.

TBSI is down over $4.00!!!
GSI down about a dollar! Right past our $10 dollar target to cover

UNS is squeezing over the $32 dollar mark. $33 dollars is key here, it can either break it and spike or it can jumble around just above $33 before losing steam and falling back under. Watch for any .50 cent spike to short on if it does squeeze over $33. The best strategy (the one I will use) is see how it reacts once it breaks $33 on the dip back under it, if it doesn’t break it again, odds are in your favor.. (Similar strategy to KOG join the weakness, don’t throw a dart guessing at the top)

Watch it like a hawk from here on out. If it loses $32.50 profit takers will start to come in by the masses hoping to by it back $3-5 dollars lower.
UNS is currently at $33.03 as I right this post, looks like a top is being put in BUT has not yet been confirmed. It’s always a good strategy to take a partial position whenever enter your trade on plays like these, worst case you are wrong and you only lose a percentage of what you would have if you dived right in! You can always add to your position once it has been confirmed. For example (on UNS), it may want to test $33 dollars a few times before it decides to top off, or…… it may break it and sprint to $34 (in which case you’d look for a .50 cent spike as mentioned above). This can have a $2-3 dollar downside potential over the next two days IMO (in my opinion). As far as downside and when the steam will pick up, if $32.50 breaks its possible to knock out a few stop losses and see a quick move towards $32.25 - if this happens the magnet will intensify at $32 and probably end up there by end of day. Good luck and don’t forget to take profits!

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