Some set ups

MNKD

FLIR

Back from vacation, enjoy the picks.

UCO

Buy UCO when Crude breaks above 107.  Classic reversal on the falling wedge.  I closed my oil short from my short oil recommendation last week.

5 Picks of the Day Today

Here are five very interesting picks that hit my screens today.  Home Builders came on, and I understand the call activity in the builder ETF's was very high.  That smells like more QE coming, not a taper.  Enjoy.

Shorting Oil

I was long crude until I got my RSI crossover at 3 am and reversed short.  At the open I closed all my energy names I was in as this pattern looks bearish to me.  Looking at the hourly, we could be kissing the underside of this rising wedge.  My stop is on a recross of the RSI and moving average.

JPM

This is a short, but they may try to jam it higher to squeeze first.  Short below today's low.

CME

MPAA

NLNK

ORIG

This one is setting up nicely.

GASL

SIL

SAND

NBR

Energy is  moving, and if NBR breaks this down channel, it can move nicely higher.

AVL

Flag ready to break, stop is $62 stop loss.  My clients are already in REE from last week.  I can see it breaking the buck.

VNTV

DGX

INTC