Dear Fellow Trader,

Friday confirmed that most stocks in the market are either breaking down right now(not on heavy volume for the most part) or just chopping around making ownership or trading pretty much ineffective except for just a handful of stocks. I expect that Stocks won’t get going again until earnings start coming out in July.

The NASDAQ was up friday at the open but could not continue for the rest of the day…Expect to see the COMPQ in that channel for a while…

SPNG is going higher, but WOW , How slow is it going compare to the last ride. I see a lot of churning here, so unless it moves up soon, i will not stay here to see if it goes down. $0.12 i will be out by that time…Also a lot of this has to do with the market in general.

CTIC is coming back above this downtrendline for a 2nd time, this time could be the one.
For the active traders only in a market like we have these days.

MDOR gave us a Roundtrip, that is telling a lot about the state of the market, the moves do not have staying power. So we need to be quicker to take profits right now…

CELG almost touched 48 at the open friday and that’s when i got out of my call trade with a nice profit, we have been riding this stock for close to $3.50 for a quick 3 days trade.

Below is my comment of Friday on MOS and it did stabilize a bit more friday.

For Intraday trader, MOS is not a great daily chart right now, but expect some bounce in the blue line area. Very possible that it hapens today or monday. It can be a $2-5 bounce…

LVS could be a quick POP….if it break this trendline, but i would be quick on this trade. This stock will bounce back into resistance area, so you need strong volume as it goes and need to watch how it react, but over friday’s high, you could take a shot, but do not let it trade under $7.99 on that specific trade…

Have a Great Trading Day !