Decent day in the market. Jobs report is coming out tomorrow, so it should throw some volatility into the market. We can play it both ways, no problem.
A few stocks I'm continuing to watch for ya.
1. $DEXO - this is still numero uno. I don't have that large of a position, but will scale into this one some more unless this busts $1.95. I don't think it has enough to blow past $1.95 though. It may get close to $1.75, but I'm still short biased. RSI is nearly overbought, volume on the move today was not as impressive as the past 3 days. Keep in mind, I will play this long if volume comes into play.
2. $HSOL - I am thinking that this will be hot for a move over the 20dma, but just as last time it pierced the 20dma, we had a big retracement and made lower lows from there on. I do feel that this base around 1.12 can hold pretty decently if you do get stuck. It should hold it's 8dma pretty nicely into next week. I am currently long at $1.46
3. $CSIQ - I like this setup. This is another solar stock, so if solars start to rip, this sucker can blow past its 50dma...and then its on like Donkey Kong.
4. MAGS - I may have mentioned this one before, but this sucker is absolutely relentless. Up around 91% from the 28th. If this opens up outside of the upper Bollinger Band, I will look at a short position. Short interest isn't very high on this 41k shares short on about 6 days to cover. Not really a big cause for a short squeeze. March 12th - April 9th in 2004. Something happened to this stock. Shot from $9 to $38, only to fall back down to $11 3 days later. What I'm sayin is this things gotta be manipulated in some way. If anybody out there knows differently feel free to correct me...I don't feel like diggin right now.
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