Had a great day and a lot of fun in the Boom Factor (bullson.ws).
Last Sunday, I posted a dozen or so stocks to watch. Most didn’t do much.. up a little, down a little. However, 4 were winners – MBRX shot up over 60%; CPST up over 13%; ZHNE up over 19%; and NXG over 9%. From last week’s list, BDSI and ZHNE look ready to add more.
More Monday, Oct 12, here are the technically setup long stocks I’ll be watching:
BDSI – I like this test of resistance on opening bollinger bands. Could be interesting this week.
ZHNE started its move last week and could continue to add. Worth watching.
WAVE – Nice volume accumulation. Looking for a 1.10 breakout.
SNV on trendline and banging against MA200. Would like to see it move through with target 4.5. BTW – also setting up for MA50/200 cross.
DVAX Watching for move up through MA50 on bottomed out Full Sto, RSI14 testing 50 (daily) and MA50 support on the weekly.
FBC – Flagstar Bancorp building a little flag on the daily. Might be worth an eyeball.
Here are few more – maybe not as setup as the above, but worth watching:
QRCP – improving volume on Thursday and Friday – watching for move north of .60.
BNVI - nice MA200 support. Would like to see a .50 entry with move up from there to MA50.
ASTM might be over sold. Worth watching for bottom reversal.
GNBT reversal. Target .85 on swing.
AMCC – nice consolidation.
SVA – long swingable.
ARNA – could go up or down here on MA200. Careful.
Tags: AMCC, ARNA, ASTM, BDSI, BNVI, DVAX, FBC, GNBT, QRCP, SNV, SVA, WAVE, ZHNE
Quickly running down the existing list before I get to a few new ones:
$GNBT – I took some profits here last week and am not really that interested anymore. We’ll see if we see some strength enter next week.
$BCON – I still like this one, just struggling with an entry. If I take a position, you’ll see it in my tweets.
$SONS was a wonderful swing trade as it moved through MA200. I’m taking it off the list to look for new setups.
$UIS – Still watching horizontal resistance at 1.90
$CVM – Got the move, but am not interested in a new long position until it finds its way back to MA50. Taking off the list.
$ALTU is just not behaving – too much volatility and not enough trending. I’m leaving this one alone, for now.
$APOL – Hmm. Not a lot of interest here.. I think I’ll move on.
$AKRX – I was really interested in AKRX Wednesday night. Thursday would have been an interesting scalp day, but now I don’t see a comfortable entrance that fits my style.
$YRCW - Fail. Glad it didn’t break 1.75 before the fail or I might have gotten hurt
$PPHM – Definitely keeping this one around. It is trying desperately to breakout of this MA50 support ascending triangle. A move to .85 and I’m interested.
$BARE – I was actually watching BARE as a short if it fell below 7.5. Instead, BARE has made a very nice bull move. But, gotta take it off my list because I’m looking for setups, not stocks that have already moved.
See my Sunday post for new stocks to watch for next week… gut tells me it may not be so fun for the bulls, so I’m preparing for some shorts, just in case.
Tags: AKRX, ALTU, APOL, BARE, BCON, CVM, GNBT, PPHM, SONS, UIS, YRCW
That’s all – too busy to play. Hope you all did well. A lot of stocks gapped up and fell from there – I rareally chase gaps and glad I didnt’ today.
Not much going on here since I’m in the middle of a big project at work and unable to trade throughout the day. boo- hiss. That reminds me – anyone interested in hiring me and making me part of a trading machine, let me know 
Austin native and University of Texas grad with a love for stock trading, graphic design, social marketing, movies, and the outdoors. I also have a burning entrepreneurial spirit and a constant desire to learn... latest adventure - www.bullsonwallstreet.com
