Wednesday, February 2, 2011

I got 5 on it - Charts for Tomorrow 02/03/11

$SGY, $ONNN, $EROC, $SNI, $CMG


$SGY - Volume is diminishing, would like to see volume much higher on a break out, stochastic's are forming a head and shoulder patter, might want to lock small gains here, will watch closely tomorrow

$ONNN - Love the volume, stochastic's have turned up, will be looking for a breakout tomorrow. Possibly day trade only since earning are reported after the close.

$EROC - Just watching, looking for volume

$SNI - Has more potential for the run, would look for the price to easily clear 20 EMA

$CMG - Trying to break out but on a low volume, 50SMA has been previously rejected, might just form a double top, would look to short but wouldn't want to hold into earning. $CMG has crashed earning in that past. 



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