Action Points

I posted a few setups I didn't have on the list over the weekend. They are all long opportunities nearing objective support levels. Like the short setups I post, they are similar in that they offer minimal risk if you maintain tight trade parameters and have a plan before you execute the order. For those not as experienced, you will often find that these types of setups (shorts at resistance or longs at support) will work or reverse directions in a very short period of time. To clarify I define a short period of time as "minutes." If they don't, they fail more often than not. In other words, be on your toes and don't sweat it out....just move to the next low risk opportunity.

I got a little carried away this weekend posting setups for the Weekend Review . If I think a setup has the potential to make me or anyone else money, I have a difficult time not posting it. Since there are so many, I wanted to get it up as fast as I could to give everyone an opportunity to go over the charts. I'll have the SpreadSheet posted later tonight, and I'll have it linked here. On the setups that have more than one possible entry point, I've listed the first on the spreadsheet. Since the market continues to drift up, the short setups have been difficult to trade. I think it's clear that I prefer to straight short the level that I list on the chart and the spreadsheet. Unfortunately, I get stopped out a lot, but it's they way I like to do it. Since I've received many emails the past couple of weeks seeking advise how to trade them, I want to remind everyone that I posted a few Examples several months back how I like to do them. When I get the opportu...

Breakout Setups (Click on Symbol for Annotated Chart) ALJ Alon USA Energy APL Atlas Pipeline Partners XJT ExpressJet Holdings PLAB Photronics TIVO TiVo WNR Western Refining FTBK Frontier Financial CT Capital Trust NNBR NN Inc OCLS Oculus Innovative OSK Oshkosh SMOD Smart Modular IDT IDT Corp IKAN Ikanos Communications TELK Telik NKTR Nektar Therapeutics PXLW Pixelworks VMW VMware RVSN RadVision SMI Semiconductor Mfg Intl INCY Incyte WMAR West Marine GRO Agria Corp TOMO Tomo Therapy BPHX Blue Phoenix Solutions OCNF OceanFreight Inc ARAY Accuray ANPI Angiotech Pharma COGT Cogent MGI MoneyGram Intl TA Travel Centers of America BTIM BioTime SWKS Skyworks Solutions INSM Insmed VOCL VocalTec Communications LNG Cheniere Energy EGMI Electronic Game Card PSTI Pluristem Life Systems KDE 4Kids Entertainment NED Noah Education DIVX DivX VSPC ViaSpace CSUH Celsius Holdings Short Setups (Click on Symbol for Annotated Chart) AFAM Almost Family ARST ArcSigh...

I was pressed for time today and was unable to thoroughly go over all of my scans, but I still came up with more than enough fresh setups to keep us all busy as we head into next week. Since many of the short setups I posted last week still look the same, I decided not to post an updated chart on this weeks review. However, I did include them on the SpreadSheet . They are marked with an asterisk to distinguish them from the others.

Breakout Setups (Click on Symbol for Annotated Chart) WNR Western Refining BEXP Brigham Exploration TTES T-3 Energy BONT Bon-Ton Stores COMV Comverge PCX Patriot Coal DRYS Dry Ships STV China Digital TV LCAV LCA-Vision LLNW Limelight Networks LNG Cheniere Energy NKTR Nektar Therapeutics NNBR NN Inc DTG Dollar Thrifty Group BTIM Bio Time CRTX Critical Therapeutics (Low Volume) FTAR Footstar (Low Volume) FTK Flotek Industries AHD Atlas Pipeline ARM Arvinmeritor MPEL Melco PB Entertainment CAP CAI Intl SRI Stoneridge SRZ Sunrise Senior Living OSK Oshkosh JMBA Jamba KDE 4Kids Entertainment (Low Volume) CDII China Direct CYRV Crystal River (Low Volume) SYMX Synthesis Energy (Low Volume) AVNR Avanir Pharma (Low Volume) NCST Nucryst Pharma (Low Volume) GTXO GTX Corp (Low Volume) ETF Setups (Click on Symbol for Annotated Chart) SDS ProShares UltraShort S&P 500 SRS ProShares UltraShort Real Estate SSG ProShares UltraShort Semiconductors UYG ProShares Ult...