[Day] MLS

Stock has a lot of pressure on both sides. It will have difficulty breaking $13.42 above, and $13.00 below. I think it heads lower, and if it takes out $13…. look out, the rally has failed.

Sears (SHLD) is looking weak, and is struggling to take out $147 and especially $150. Breakdown is $140.

Stock is on fire, but will have a tough time breaking 19.80 this hour. If you short now, 19.80 is stop.

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.

I hate that stupid Popcorn.net adware spyware whatever. Anyway, I did whatever I could to block the dumb thing. I blocked the application through my firewall, and so far it’s working. I took it a step further and traced inbound events on my firewall and blocked suspicious addresses that are hitting my computer. I noticed this one particular suspicious event so I blocked it:

Source IP: 66.75.164.89
Hostname: dns-cac-lb-02.orange.rr.com
Event Info: Anasoft License Manager

I’m not sure if these guys are legit, but whatever. Sneaky internet geeks out there. I’m thinking about sending some nasty stuff to that IP.