Today was a little tough to trade. Breakouts weren't really holding and the market was in wipsaw mode. Alot of the charts that I am looking through have nasty tails on the candles today, which tells me that alot of daytraders got stopped out of their positions only to have them pop right back later in the day. A little frustrating. On days such as this, the best thing to do is to play intraday pullbacks and look for bounces. It was pretty obvious after the first couple hours of trading that this was the type of day it was going to be. Be careful not to overtrade these type days, as all your gains will get eaten by commissions on chop days.
A few trade ideas for tomorrow..
MVIS- closed at highs, looks ready to run for the next few days. Traded it a bit today, gonna add on pullback tomorrow
INTT- looks ready to fill that gap, nice volume coming in the past 2 days
ENZ-looks to re-test 5.83 highs
THQI- over 6.40 and this one could breakout again. Nice volume expansion
QBC- could get a pop over 1.1
VSCP- fairly orderly pullback here. Gonna watch for a dip near the 20dma and add for a reversal.
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