Today I’m on the lookout for profit taking. Danger zone for Dow is 11306, break out is 11350. So far a few stocks I keep an eye on are screaming at me…
- Ilmunia (ILMN) – stock is still searching for support.
- NVEC Corp (NVEC) – breakout! stock has now officially broken out after changing their board a bit.
- Titanium Metals (TIE) – is very Dow index sensitive again, so it’s not the best stock to hold right now.
- Empire Resources (ERS) – is continuing yesterday’s rally, but may level off.
- Reseaerch In Motion (RIMM) vs Palm (PALM) – RIMM is up $2 so far, and therefore winning the race.
- OMRI – breakout! No news on the ticker, but stock has broken out of $14.50 for a while.
- Sears (SHLD) – I was right about this being wrong. Down over $5 so far… not too bad for Sears holders.
- Redback (RBAK) –day trade! momentum is still in this stock.
- CDC Corp (CHINA) – this funky stock is up pretty big. Now at $5.18. I just may short it.
- MLS – day trade! Stock is on the rebound.
