Tomorrow I won’t be actively day trading. It’s options expiration day, so it’s probably better to stay out of the way. Anyway, I just have other things to take care of. I do have a few longs I want to swing trade, and if I can get them at a reasonable discount I’ll take them (retail stocks: AEOS). Yesterday I witnessed the most gap ups on the market than any other day (ie, CTRN, GME). Usually this is a bullish sign in a sector, so that’s where I’ll be swinging. I am also considering going long in some oil stocks since they are getting cheap; feels like it’s getting coiled up and ready to explode… all we need is some news to ignite it.

Anyway, here are some day trading ideas:

• Short BRCM, NETL, ATHS, AMD, RBAK- this is contingent of any signs of profit taking. The SOX index (aka, semiconductors) is heading deeper into short term overbought territory, and when the pullback does occur it’s best to day trade it than swing. I think the SOX will head to 460, but a pullback to 430 should occur first. That day just may be tomorrow now that MRVL and ATHS are being sold afterhours, and Dell had disappointing earnings… that should be enough to send longs into taking some off the table.
• Long MLS– stock was a victim of panic selling, and longs are treading cautiously adding positions slowly by slowly. Just make sure there is not too much overhead resistance, for instance, there are not a bunch of huge sell orders on the top.
• Go in the direction of CHINA– no not China the country, CHINA the stock. It just had a huge spike yesterday, and is now above $5. Go long or short, wherever the stock chooses to go.

Picture above is of Kakaako Waterfront park which is in downtown Honolulu. Picture was from our local paper the Honolulu Advertiser.