This week’s plays: HUM, NFLX, LFT, BBBB, JOSB, GMCR, ACM, THOR, LINC

Leaders in trouble:  NFLX (short pick), LFT, BBBB, JOSB

Leaders showing strength:  GMCR (earnings star), ACM (earnings star)

The Vince Carter:  THOR

Day-tradable:

• Solars:  Play the intraday reversal on STP, SPWRA, use FSLR for direction

• Tech:  Play the intraday reversal on semis
• Short aggressive on high volume reversal:  ARST, JJSF (or whatever volume on this), PNRA (showed weakness Friday),
• Energy:  Play intraday reversal on HK, GMXR, PDE

Under your radar:  NRGP (detected unusual activity), LINC (crazy earnings. Looks better than LOPE, and will eclipse STRA in price performance.  Great earnings: http://www.reuters.com/article/marketsNews/idINBNG43437220090506?rpc=44 )

It looks like on of those “build up your shorts” kind of week.  In the event of a correction, I suggest you screen for 70% from 52-high with high hybrid-weekly.  That should populate a list of trash stocks that moved up with the overall market, and if you’re heavy long, then short these.

Two things to consider from last week:
–  Nasdaq up for 8 weeks straight, with last week at one of it’s BEST volume weeks yet
– However, leadership stocks were lagging AND microcaps were leading.  It’s okay to have BOTH move up, but when laggards lead while leaders retrace, then you know the “dumb” money is being sucked in.  I’m going classic here since VIX has been breaking down in an obscure fashion.

Picture above is a picture I took on the East side of the island.  After 6pm, the beach is empty.  Perfect for landscape photography.

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