SSBX has doubled since we put it on bounce watch expecting a decent bounce at $2.23 HERE but it turned into a large bounce leading to some enormous profits for some traders!
Great trade if you played it, it may have a bit more upside but I’d expect it to consolidate after any gap tomorrow.. the biggest part (100% gains) are over. If you missed/didn’t play/didn’t know when to pull the trigger join us in chat at http://www.investorslive.com/chat.php

Stocks: CTT CNC VSCI WMG RGN UTEK AOB UBET SSBX AAPL

AAPL tested back to $178-180 as we thought tomorrow may still want to knock out a few more stop losses. This dips are healthy it allows the stock to consolidate at a much higher level than last month gaining a new bottom for the next move higher. This may want to test a few stop losses and shake out the weak down to high $170s ($175+)

VSCI from breakout scan many times, tomorrow is the big test of $6 (first attempt). This has been very well supported throughout the week, it’s not a quick move in just one day its been slow throughout the day as well, dips continually bought out. Watch for a spike over $6.

SSBX bounce watch currently $2.23 watch for any dips out of open and this may turn into a .50 to .75 bounce.

CTT - Watching for the $2.50 break this is turning into quite the sustained move, I thought it would correct around $2.00’s but keeps taking out new highs on this run. Watch for a quick squeeze over $2.50 and then I will start thinking about the short side

CNC - Watching for a $19.50 break otherwise this may head back to $16-17s over the next two weeks

WMG - We’ve discussed this one quite a bit - it has finally snapped $9.00 but unable to get a good squeeze going watch for a sell off down to $8 if it can’t gain any momentum on a $9.15 break

UTEK - Very bullish move but beginning to be on the back end of the move… will start watching here for any sign of weakness to ride it back to $13

UBET - Doubler, always on watch to see if there’s any follow through

AOB - Nice +2 spiker today, $12 gap is potential - currently at its last resistance

YHOO has been on quite the tear since pre-market lows of around $22, currently at $24.70!

DSCO - not sure this can hold the bounce, it may test $2 but this is just a ‘dead cat bounce’ or people ‘catching the falling knife’

Last nights scan: (VSCI) (SSBX) (GTXO) (LGDI) (ANAD) (TSYS) (DBTK) (AVR) (RUTH) (NTWK) (MOSY)

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VSCI making new highs

SSBX tested $2.54 not enough of a sell off to make me jump in, may need to let it consolidate before it bounces

GTXO already surpassed Friday’s volume, leads me to believe some type of program going on…

LGDI held the $4.00 level opened at $4.08 and sold dipped a WHOLE ONE PENNY out of open (aka very strong support as I was looking for on last nights scan to confirm which direction this would head) looks like its just going to channel the rest of the day, I’m watching for an End of day move -which direction? To be determined! Those of you who follow what Tim Sykes has to say probably benefited from a profitable short opportunity earlier and eyes are on it again for the rest of the day/week.

The last five on scan all have held their gains and are consolidating nicely AVR, RUTH, NTWK, MOSY, TSYS these all may test higher by Wednesday

ANAD and DBTK still consolidating, DBTK watch for the $15 break

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

Join us in chat Monday morning and start the week off right. There’s always plenty of people in chat to voice their opinion on any questions you may have. http://www.investorslive.com/chat.php