June 18th Review

The picks from yesterday were 3 of 4, for a 38% gain. (12.7% compounded)

Picks that were triggered:

STSI - "The stock had some bad news today, but they are going to fight it, and it should slowly move back up over time." - Nice gain of close to 25% on a decent trade today.

MSFT - "It's been a crazy last month for this stock as I have hardly seen any red...put options might be right in this situation." - Nice small gain on the puts today...3% or so. The options are definitely telling us that we should not go much higher than where we are right now.

MEA - "And here's a breakout buy for you all...I think it should work nice over the $4 mark for a quick 10%." - Wow, that call was scary dead on. Gain of 10% on the trade today on the breakout.

Picks that were not triggered:

NNLX - "This stock has doubled recently, and I think we should see a move down soon...wait for the green to red action." - Well, the gap-down really spoiled that fun.

As I mentioned yesterday, the indecision candle should lead to a medium sized move in one direction for the major indices. Today we got that medium sized move with a 50 point up day for the Dow. We are still stuck underneath the 200-day MA, so we should watch that. If we stay under...I'd keep a mildly bearish outlook on the market for the time being. Volume continues to be low in the markets, but that's just because it's summertime and people tend to take some time off.

Alrighty, let's move on to some picks to watch for tomorrow...here's mine:

GWSC - After two straight days of big selling, this stock has been back on the move higher. I'm looking to short under 2.25 tomorrow, but buying over 2.50. This stock has been volatile, and should continue to be volatile.

TSTR - Nice cup-and-handle type move here...it would have been nice to have been in on the buy today, but that's already passed. I think the next move should be an overextention, which should lead to a place to short.

APPY - This stock has a huge gap to fill, so I'd watch for a move over the 2.50 mark soon to buy into. I think over time it will make its way back to around the $4 mark--the nearest resistance.

CAST - Beautiful looking potential breakout here over the 6.50 mark. If you make sure the volume comes along with the breakout, then you should be set for a good 5% move to the upside.

DIGA - Here's yet another breakout name that may or may not get up to the 1.50 mark tomorrow. When it does, however, just be ready to buy some shares for a nice ride to around the $2 area.

MK