JRJC was able to break the last resistance and looks rather strong. I don’t think much will be in play on the short side due to probable consolidation at these higher levels.

WSCI it sold off a bit more Friday before recovering, this should test $14+ Monday perhaps recovering towards mid 14’s low 15’s by Wednesday.

UTEK still relatively strong, it didn’t test $14 the play here is the $15 break. It’s becoming less appealing on the short side… $15 break could send it spiking $1-1.50.

CNC did correct about .50 cents Friday, it needs to lose $18 again and could play down to $16.50-$17. It has to break through $18 though, or else its not even worth your radar screen.

MESA played out really well, the squeeze over $1.00 and it sat right back down after that move Friday morning. This may open a bit higher and try to consolidate around $1.00 but I’m sure we head back there sooner then later.

Scan coming soon for Monday!

JRJC - This is why its important to be a trader and not make stupid bets! After a brief correction towards $18 back on track and broke WAY past the $21 I anticipated for the bounce. This is definitely in squeeze mode and may play towards $25! This is why pullbacks are healthy because it locks in new longs and those who don’t just play the healthy corrections and cover get squeezed. $22 is a BIG break, that will push it past prior highs, it should gap over this resistance.
Some other blogs HERE HERE and HERE.

WSCI - I’m watching for bounce here at $13.63. This had a low of $13.02. This is definitely one to radar. If it sells off out of open, watch it like a hawk. This can do what FEED did today, sell off .50-1.00 more knock out any other stop losses (force people to panic sell) before recovering towards the upside. Also similar to what we saw above in JRJC, and squeeze right up past prior resistance.

Many of Wednesday breakout stocks are still on scan: VIEW HERE

If UTEK can’t hold $14 this will be good for $1-1.50 downside IMO. It squeezed at the close today watch for a gap and crap. If it can’t break $14.50 radar it for the short back to $13.

CNC - it’s attempted to break $19 twice, both unsuccessful, watch for the third attempt, if it doesn’t again, third times the charm see you at $16-17. IT HAS however corrected and recovered quickly from Tuesdays dip to the mid $17s (this is a sign of strength -bulls are still in control) so I’d like to see the bulls win, have this surpass $20 and then think about the short!

MESA - watch for this one to break over $1.00 it may squeeze from there but the more it squeezes the better because this will more than likely end up back in sub dollar range once it passes. Even with the recent settlement.

JRJC hit an intra-day low of $17.94 today just after noon eastern time. This completes the pull back I anticipated HERE back to $18. Reasoning can be found below:

The short: HERE
The dip/bottom put in: HERE

The easy part is now over, it corrected as anticipated after a .50 to 1.00 squeeze out of the open yesterday, after failing to break $21 three times, weakness came in and profit was taken. This doesn’t mean its bottom today at $18, as mentioned in last nights post, its consolidation time. Once it consolidates around this level watch for the break back towards $21.

WSCI had a nice correction after not making it past the $18 dollar mark. I’d expect this to consolidate around the $15-15.40 range as mentioned HERE. (I will talk about this in tonights blog)

Visa and Mastercard are not disappointing today. Visa got a boost from MA and has since gained some momentum of it’s own. Master card is almost at its $275 mark. Visa has gained momentum and is starting to take on a move of its on… it may test the $80 mark today.

List: JRJC OMNI MMR RJF WSCI

Not to many on scan tonight - the one I like best is JRJC. The key break here is $20. If it can’t break and heads down in the morning its a short back to the $18 range. Each day the morning is powerful about 30 minutes after open (the past 2 days) it squeezes to its high of the sale before selling off and leveling out through the day. The previous high is $22 area, so upon a $20 break this could turn into a rather bullish move. Here’s how to play: Watch it for the squeeze 30 minutes into open, see how it reacts, if its sub $20 and unable to break it… may begin its sell off.
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On another note, after it consolidates, a $20-22 break this can turn into a nice play, heres a 1 year chart to see what it’s done in the past

OMNI has been quite the runner in the past and you have to be careful for that. But $5.25 is the breakout here. If it cant break it, this will test sub $5 again.

MMR - has made scan quite a bit lately and definitely worth the watch. My previous thoughts on how to play this still stand. It’s got $30 written all over it but that doesn’t mean it will make it there. If it does… we watch for the squeeze over it to short on .. if it doesn’t theres a good $2-3 dollar downside. But Thursdays dip and recovery shows the strength in this stock, so I’d love to see a squeeze but still going to jump on the short the first second I see it.

RJF - its a short if it can’t break $29. If it does watch for the spike towards $30 before thinking about it. This should retest $27.50.

Bounce or short time? AWBC
I like this one for both sides (long and short), I played both sides on Friday using a 1 minute chart to find support levels or resistance levels. Each .40 to .50 cent move was followed by a .20 cent correction. The stock may want to retest $4 before it decides on bouncing - if it looks like it may head that direction… theres a lot of downside, keep in mind Fridays low was $3.22. Come to chat on this one, many people will be playing it.

WSCI - $18 is key, if it can’t break to any new highs out of the open Monday this should have a $1 to $1.50 downside towards $16. I’d like to see it squeeze closer to $18.50 or $19 to really capture a nice downside.