Today’s Trades

ONS – Had a small gain on the short yesterday. Looked weak all day but didn’t really drop too much. I’ll be watching for more failed spike attempts today and entering short on a LH with risk on HOD if this continues to look weak.

MRNS – Big gap up and a morning spike. But after that it fell apart and failed to retest highs in the afternoon closing at the LOD. If this has another failed morning spike I’d look to short with HOD risk.

NLNK – Up from the 7’s to the 19’s and after a drop yesterday bounced nicely at 11am. A little weak into the close so if this opens weak and grinds back green with it being under SSR we could see this having a green day today.

TEVA – Drug manufacture stock up from the 15’s yesterday with more news this morning. Hit $20 p/m today and I’ll be watching closely to buy a dip if this momentum continues into the trading day.

IDRA – Up on phase 1 data and tanked at the open yesterday. Not too much more room for this to drop so I’d like to see a spike fail this morning for a better entry and aiming for this to break yesterdays LOD.

FALC – Tech stock trading 20M shares yesterday. If this has a spike like yesterday into the 1’s I’d be looking to see if this rolls over as it never seems to hold its gains very well but this is my least favourite as I’d be more comfortable shorting a red day.