Day 2 of my 2 week commitment to post on profitly. First I have some stocks that I've been watching from recent scans.

I learned a good lesson on reversals and patience today. I set an alert a few days ago on ABEO at 8.55 with the note "Watch for dip near support (50 cents.)" The lesson I learned is that I'm playing the intraday chart based on what the daily chart is telling me, and to allow the daily chart to work over DAYS, just like I would let a 5min chart work in 5min periods. I sat there and watched as it dipped to 8.44 which is right near the low of the gap and the buying power slowly came in and it popped to 8.67 like right away. Being at work, I was too scared to pull the trigger and it closed  the day at 9.10. If we get a candle over candle break on the day chart at 9.40 it could run back to it's high of 10.26. 9.40 is also a multimonth breakout. The technical traders love these kinds of plays. I don't think it's very likely but I'm watching for it to happen after that reversal was so successful.

WPRT- Basing just underneath a window. This stock was strong earlier this year on earnings. 76M float. 6M short(14.5%) squeeze material near it's gap closing window. When a stock like this is extended to the downside it can usually snap back to its 20SMA. I'll be watching for 15-20 cents risking off of 1.75. Recent common stock offering at 1.50 which gapped down the stock. I read in a technical day trading book that gap downs like this are usually caused by novices "giving up their goods too cheaply" and then all the professionals come in and buy low/ sell high. We'll see how well that thinking works. My alerts are set.

GNCA- Closed pretty close to my buy alert at 5.85 but seeing as how it faded all day, I don't think that's a good dip anymore.

MITK- I have alerts at 10.00 and 10.55 for a dip buy or anticipating a breakout. I could crap out on earnings seeing as how it's been uptrending recently before the earnings report. I'm waiting for the reaction this Thursday before I get in. 32M share stock. It can run.

Now for the stocks from my scan. 500K shares, <=$10, Minimum 10% Gain.

SVU- Beautiful gap fill today without me. I need to develop a premarket scan to find plays like this. It missed my afterhours scan yesterday. Worth taking a look at the chart. Study the past and remember it. Up on missed earnings estimates. Maybe worth buying on a dip to 3.40. and holding if it tests it's high of 3.74 today, which could be a huge ride if it can get through that resistance.

SRCI- Very positive reaction to earnings, but it's an oil play. I'd want to buy it on a dip to the 7.6 area but with the way it closed today, and it's recent uptrend, I think it can continue up and breakout candle over candle. 8.30-8.40 is a key resistance zone. I bet it can break with this catalyst.

CFMS- Looks like it's on the way to being a picture perfect cup and handle, but earnings are coming soon and I don't want to play a guessing game. 38.6M float, 10% short. We could see a minor squeeze if shorts are forced to cover near 5.50 which is where the small gap down started the cup and handle.

SENS- Uptrending and breaking out since June. Also forming a cup and handle. 23M float, 5% short. Not squeeze material. I might be looking at the start of a good steady uptrend for a swing trade. The 20 and 40 SMA's are equidistant and the 3 to 8 day pullbacks have been buyable the past 3 times. I don't know why the 3 to 8 day reversal rule works, but I've seen it a few times now with SBUX, IMGN, and PNTV. If the 9th day is still red, get out, but the 8th day is a potent reversal day for some reason.

That's all for today. I hope I make myself and yourself money if you read this.