Stocks to Watch 1.31.11″ January I’ll miss you”

Monday will be the last day of what has turned out to be an outstanding month for me. There has been set up after set up if you were quick and nimble. While other traders were fighting over whether to be a bull or a bear, I was both. Collecting some nice trades in both directions. Playing the trend is what makes you the big money in this business and keeps you in the game. Trade them well Monday.

Watchlist : ARAY BORN MDW SMCI DBLE TNAV

Previous Watchers still in play. EXEL GRM

ARAY

These earning pops are getting redundant. As you know I hate shorting these but this is up too much not to consider. One way or the other there should be a play on this. If it’s strong we long, if it’s weak we short.

BORN

I’ve played BORN a few times. This is a very volatile stock with mood swings like a toddler. The news surrounding the Friday run is not good enough to hold this up. I would rather short fades then buy breakouts.

MDW

A few times this has set up well for a fade but it keeps getting snatched up. I think it’s to extended for me to chase up but if there is some consolidation followed by a fade I would like to short.

SMCI

On heavy accumulation since January 26th earnings. Still could be a push above 14.50 for a breakout. If it hits that and I can catch it I may play a long.