Currently the futures are pointing down 150 pts, so tomorrow many potential shorts will be ruined by gap downs.. which I always hate but who knows – every other night they’ve been down big there’s always some catalyst by morning that bumps them up we’ll see.

We had a GREAT seminar tonight – full chat logs available HERE (subscribers only) not a member? Join HERE

We don’t just ask for feedback for fun… we actually DO something about it!

Big improvement in chat lately in my opinion is that more and more times you post that you are actually going long/short or went long/short at X.XX price. That really helps new people who often lack confidence in their trading/analysis skills. I remember it wasn’t like that when you just started and I was in for a trial, but without the seminars and very clear alerts mentioning the entry and exit points I didn’t figure much at first. Now two months later after I re-signed up for the chat and read all the valuable info in the seminars logs I feel that I have learned tremendous amount of useful info and most importantly started to CONSISTENTLY MAKE successful trades, . Please keep it going. Great improvements guys!

-Serg (schistyakov in chat)
BCRX $2.25 area of interest, check back to Jan you’ll see $2.25 was tough resistance and again last month. Volume usually tells the story and with the weekend press on the Flu we should be opening $2.50+

NVAX part of the birdflu “sector” which will be hot(active) along side BCRX, GNBT etc many others.

Others: AVII, BCRX, CBMX, CRXL, GILD, GNBT, HEB, NVAX, SNY, SVA

BNHNA not a 100% short this can still head higher, the part that has me interested in this one is its day range moving a buck in one day and over nearly $2 over the past 3 days I’ll start monitoring for weakness, with a move like that possible .40 to .60 cent downside which is the move I’m always looking for

CBL watch for the move towards $9 it may not test it without a pull back, in fact I don’t think it does. I’ll be watching for sideways price action and the breakdown after a push through $8, if it doesn’t break $8 monitoring heavily – it doesn’t really look like a big move but this stock doubled in 4 days

CNTY two reasons I’m interested – check out the volume the past 3 days and the price move towards resistance at $1.75 I’m a buyer if it breaks and holds $1.75 may be the start of a trend reversal

Got back from the Traders Expo later this evening .. not a bad weekend. Fun excuse to go to NYC each year — always a lot of the same booths and sales pitches year after year based of historical data coulda, woulda, shoulda done this, this and this and you’d be a millionaire! On the other hand, Tim Sykes had quite the crowd, many were standing in the back of the room.

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Without a doubt BAC, FAZ, FAS all going to be great plays tomorrow – I’ll more than likely play these until other moves form. BAC and FAS looking to gap if futures hold.. Don’t fall for the dip, I’d rather miss a move to $5 then be wrong and buy at the open and lose $1/share. I will let this pan out a bit watch for the dip and make entries from there. take a look at Feb 5th, 6th and 7th last time it cleaned everyone out…

AXU nice vol Friday, breakout chart – needs to hold $1.50 for me to be interested

CAB great move Friday – keep an eye for the $8 hold and further momentum, nice volume will watch for a test of $8.50 – not really interested on the short side yet, possible 5% downside towards $7.50 support

UEIC watch for a gap and test of $16 area coming off  brief consolidation around the $13 mark — so downside from this area is slim in the next few days

CECO full squeeze mode, COCO, APOL, CECO, EDU and other education stocks all took a dump Thursday only to be lead by CECO Friday which ripped 20% +
Volume absolutely surged – assuming this will have some excellent swings Monday I will probably trade this along with BAC

CBL reversal watch off the $3.50 base

CQB should be in play for another day or two ..

WPZ looking for a bounce, but not marrying it…. will be watching it off the HOD list tomorrow, not going to try to catch a bounce – will let it bottom first and watch for possible 8-10% move

SKF gapped up exactly as anticipated opening over $150 and topping out at $155. It was gapping large pre market towards $165 before crashing down $15/share towards open. Mid day it was unable to break back over $150 and the market appeared to turn up therefore I began looking for the short on SKF. It ended up breaking down under $135. At $135 I suggest it was probablt a good area to either take profits or partial profits – I took them all, it’s not every day you can get $15/share profit within 30 minutes.

ARTW still on watch for tomorrow hopefully it test a bit lower before reversing

CBL boucned 30% through the day before settling at +20% for the close, not a bad bounce!

YGE – the first attempt at a bounce failed hoping to test under $5 before really reversing

MHGC I’d like to see test $5 as well before chasing the bounce

PPC provided a 30% reversal – quite the spike intra-day

SKF I figured it would test $140 today and sure enough it hit. This will more than likely gap and test $150 range if the market opens lower as it has for the past ten or more days. There may be a reversal tomorrow mid-morning in which case I’ll look for the short on SKF but more than likely the first dip that doesn’t create a higher high, or at least hold the previous low will continue to force sellers into the market place and bring more and more panic to the markets.

ARTW coming down on low volume watch for a dip out of the open and reversal

CBL has lost 50% in the past 3 days, keep an eye for a reversal towards $10

YGE another near 50% loser in the past 3 days watch for support near $5 if it breaks it I’ll probably buy on the dip or stop losses that market sell at $5

MHGC a previous winner for us is yet another 50% loser over the past three days. Keep an eye for support around $5 and watch for market sells if it hits, wait for a reversal and it should re test $7