PROFITS! PROFITS! PROFITS!

GU: +10% in 5 days

HRB: +14% in 5 days

BIOD: +13% in 1 day

What stock is next to run?

--KONG: KONGZHONG Corp.

..

BIOD nearing support

BIOD has been trading in a range, it is nearing the bottom of that range. Support is $3.30 watch for a bottoming tail.

Markets look toppy

At the bottom of this rally in August, I said the market should find support @ $105. The market was oversold at the time and chopped around the level. It would trade below $105 only to recover it into the close. This established $105 as being a major level.

There is a similar situation going on @ $118.55, we've traded above only to close below it, or close above it only to sell off the next day. The market cannot escape $118.55, it's like a magnet.

In a normal market, the market would have sold off already. But with elections coming up, they will prop the market until then.

Accumulating short positions

There was only one way to trade the market yesterday; long.

I'm looking to accumulate some shorts. Most likely at the end of the day.

SPY coming into support

@ about $117.27

ASTI: Ascent Solar Technologies

This chart's setup is much like TWER before it made a huge run. If it could hit the thick blue sloping trendline; I'm in.

Stock on Watch: UWBK

Nice little pullback here on the stock. This stock is for the riskier traders out there. It could have a nice pop in the coming days.