3.22.2011

Mar 23 - Wed. "Rest to Push"

Milestone Financial Investments LLC
  1. HDY - needs to work off some overhead, should move soon 6.6 breakout to 7.
  2. MOTR - finished the day atop, looking continue.
  3. DFS +2%
    • reversal pattern obviously offers more percentage gain for traders to consider, and as a result shorts may want to eye the shares, especially considering the fact DFS is sitting tight to its 52-week high after gaining some 23% over the last three months. There is quite a bit of upside profit built into the shares, which opens the door for some potential profit-taking to perhaps add some downside pressure on Wednesday. Shorts may want to eye possible ceiling levels at 23 to 22.70, an area that could see drift back into the mid-22s.
  4.  JBL +8.9%
    • long-term widening pattern in place, along with a strong tendency to add to evening upside trades in next-day action, would have us looking at a long play on JBL Wednesday. Buyers may want to linger near the 20.30 to 20.65 area, a base support that held through much of Tuesday's night trade and where there may be room to catch some upside pops back into the high 20s or again attempt to break 21.
  5. ADBE -.02%
    • mixed data on the downside and some volatile trade the issue saw tonight would have us leery of going all-in on a downside bet. Nonetheless, buyers weren't looking overly confident on the issue when it was up tonight and sellers were quick to abandon ship once support slackened. With that in mind, we would look to play the 33.19 to 32.65 area as a possible near-term ceiling level for shorts to eye, and a top that could see downside drift back into the mid- to lower-32s
  6. Rare Earths: MCP, REE, AVL, SHZ moving lately.
  7. GDGI - pump up the volume, closed weak, but on radar.
  8. PRAN - nice range today
  9. FTK - been moving lately.
  10. LNG - one of my favorite to trade lately.
  11. ROYL, BDCO - some oil plays that move on momo.