Stock Watch 3.8.11 ” Chop Suey”
The market is now in chop suey mode. Going through major points of indecision. One day up a hundred next day down a hundred. In the short term it will break heavy to one direction ( probably lower) but we’ll see. There are some nice set ups in micro land both long and short.
Watchlist ATRN OCZ RAME RPRX QBC
Previous watchers. ROYL LEI SCON FUQI
ATRN
Monster move Monday. At one point this was up around 120%. Faded heavy in the afternoon. I would look to short on failed early strength or green red cross.
OCZ
OCZ reported good numbers Monday that sent the stock up 15%. Currently it’s at a double top right above $9. I look for this to continue towards 10.50. Look for pullbacks to open long positions
RAME
RAME is becoming very predictable.Early am gains followed by afternoon sell offs. This is no LEI as soon as the energy madness slows. This will be one of the first ones to roll over.
RPRX
This chart is right where you want it to be. When these stocks consolidate there just waiting for a big move in either direction. $6.75 for longs $6 for shorts.
QBC
In my opinion this is just an energy play that’s receiving the roll over effect. Maybe it can muster up one more pop but this is a short in the making
