Stock Watch 4.26.11 “Lazy Eye”
Overall not many traders were interested in resuming to action after a lazy holiday. Still, it didn’t stop me from getting over +600 in wins off of trades like QPSA and MELA. Market is always there my friend. Not only that my accuracy has been on all time highs. For April I’m well into 78% win ratio. More importantly I’ll show you in real time for just $5 bucks- really! Stupid, I know but you should take me up on that before I change my mind.
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LSCC
Good double bottom support at 5.75.Look to long early strength towards a $7 run. After that this chart may be tired and set up a short fade
ACAD
ACAD was in hubris mode Monday. Moving stronger towards $3 I would like to long any early profit taking or perks off bounces. This should soon become a short as well
LOOK
Has already done a gap fill. another 2 way player to watch.I can see one more rune towards 2.30/40 then a fade. Downside is this chart can be sloppy at time
JRJC
An off the bottom China play. I like this as an early long but I might be pushing it. We’ll see what the action says Tuesday. This is one to keep on short watch as well
RMTR
They report a loss and the stock pops, go figure. There was a lot of retracement from earlier highs Monday. I cant see this sinking in a 3 day monster rally. Looking for an upside bounce followed by weakness
LWSN
This thing can not close above 12.60. If this takes out 12 the momentum can really build to the downside.
KAR
Inching right up the board. As most of you know I do not like to short inchers but as soon as this stops inching and goes red on the day I’ll look to short.
