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Collective 2: Current status

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The following reflects the current holdings and trade as of the close of business yesterday - but excluding the sale of HIV and CIB today.

Collective 2: HIV and CIB sold

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HIV hit its stop after breaking through $0.17 support. This penny play failed to deliver on its retracement to support, no point watching this decline any further. The trade was entered at $0.19 and the portfolio took a $750 loss. CIB was sold in afternoon trading following the morning gap down. The trade went through at $25.81 from a $24.48 entry price for a $665 gain.

Stock to watch: DEX

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This stock has been doing its low key thing for the last few weeks. It has built a tight (bullish) ascending triangle which is shaping up for a nice breakout. Solid technicals look to support further upside. Dex Media, Inc. engages in the publication and marketing of directories, which include Yellow Pages and White Pages in the United States. The company also offers Internet-based telephone directory and database marketing services. Does the company really have only '$217K' in cash??? more/..

Trade-Ideas: X

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This one popped up on the 60-min high list on 200% volume. Looks to have good merits for a run to resistance. Honorable mentions to AMZN, SCH, LLTC and WYNN ; these popped up on the same scan as I was preparing the chart of X. If you would like to try the software yourself, follow this link for a free 7-day trial.

From: Fallondpicks.com

Taken from my parent site: Fallondpicks.com We are starting to see a series of gaps appear in the tech markets [ NASDAQ and NASDAQ 100 ] which is often a sign of exhaustion runs. The increase in volume is another sign a rabid buying; soon buyers will run out of ladder rungs to climb. Friday's black candlesticks in both tech indices are common tops under these conditions; when bulls are unable to maintain early day enthusiasm and succumb to selling pressure as the trading day wears on. The lack of consolidation in these markets makes finding support harder to define. At least for the NASDAQ 100 there is clear support at 1,628, for the NASDAQ it is nearby at 2,219 but it won't take much selling pressure to break this support. At least on the technical front there is no immediate sign of weakness; MACD, on-balance-volume, and slow stochastics are strong with no hint yet of bearish divergence (which will need a retracement and higher high in the market, and lower high in the techn

Trade-Ideas: CEM

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This was a 60-minute opening range breakout at 200% volume. Note move over 50-day MA. See room for a move to $16. Currently trading at $12.14. Stops on a loss of $11.50. Earnings were released late October Chemtura Corporation engages in the manufacture and marketing of specialty chemicals, crop protection and pool, and spa and home care products. It also produces polymer products and equipment for industrial manufacturing customers for use as additives, ingredients, or intermediates. If you would like to try the software yourself, follow this link for a free 7-day trial.

Trade-Ideas: TRID

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Slightly modified as recommended by the developer. Looking at stocks inside the top 80% percentile of their yearly range with 200% of daily average volume. I haven't fully got the knack of filtering for a channel breakout but the stock that popped up was interesting because at $32.15 it sits just above the 50-day MA ($31.93) with decent support at $31.40. The channel breakout looks to be an intraday move into the close. As for a price target - look to $47. If you would like to try the software yourself, follow this link for a free 7-day trial.

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