Market is stuck in a boring range right now. Typical of the month of August. We had some decent earnings/news movers today that we made the most of, $osir in particular. I’m not finding many great looking setups tonight. The market needs to pick a direction. For now, we continue to play the intraday momo stocks. ($xone, $osir $cree, $mcox; a few after hours movers that should be in play tomorrow). Here is a look at the trades from today as well as a few charts I am watching for tomorrow.
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AFFX- bull flag
FB- flagging, possible dip buy. watching for buyers
CACH- breakout watch
FENG- potential rubberband short. watching for weakness
IMOS- looks to have found a bottom.. rounding up
