5.30.2011

May 31 - Tues. "World Watch"

Milestone LLC
  1. SQNS - flat for now, lets see it get some real strength to short into. 
  2. MAKO - was a good s/s from 36, but look for it to push 35 and test 36.
  3. ZLC - setting up for a short soon, will be looking for it to fail 6, or pop and short the move.
  4. VHC - for some reason it feels like its going to make another big run and squeeze peeps one last time, prolly wont play it, but look for the short, idk.
  5. NEP - on watch right now to see if it can hold this bottom, possibly start to perk, would be a sick catch if I'm right.
  6. FEED - had a perk after being beaten down for a while now, on watch for some real support, but I like the long. 
  7. KV.A - severely beaten chart, got a great big move on monday, not sure why, but look to get long on this runner soon.
  8. LDK - again, another beaten chart with a perk so watch for consolidation and perks, possible long, I don't like LDK as much as other beaten down stocks though, watch.
  9. MOTR - breaking down barriers, 10 will be the next test.
  10. CDTI - the old market notion "the longer the base, the higher into space" is true with this one., short biased though, no shares.
  11. LNG - on perma watch, need to pull/move sideways and then we see it run again.
  12. ZAGG - 10.55 and we see a break out, I'd short it after it moves.

TUESDAY, May 31 Extended-Hours Earnings: EJ, ELTK, LGF, PVH.
Economic Data: 9 a.m. Case-Shiller 20-city Index; 9:45 a.m. Chicago PMI; 10 a.m. Consumer Confidence.
WEDNESDAY, June 1
Extended-Hours Earnings: ATAI, CEDU, CWTR, DAKT, DG, ESL, GAME, VRA, VIP.
Economic Data: 7 a.m. MBA Mortgage Index; 7:30 a.m. Challenger Job Cuts; 8:15 a.m. ADP Employment Change; 10 a.m. ISM Index; Construction Spending; 3 p.m. Auto/Truck Sales.
THURSDAY, June 2
Extended-Hours Earnings: CASC, CHRS, CMED(beat chart) CYBX, DMND, ENS, XIDE, TFM, JOYG, MOV, SAI, COO, UNFI, UTIW, PAY.
Economic Data: 8:30 a.m. Initial Claims; 10 a.m. Factory Orders; 11 a.m. Crude Inventories.
FRIDAY, June 3
Extended-Hours Earnings: AIRT, AMWD, BTH.
Economic Data: 8:30 a.m. Unemployment Rate; 10 a.m. ISM Services.