Off Schedule
What I am wondering right now is what is going to happen in October? With the
traumatic decline from April, I’m curious if everything will be thrown off
schedule. We did not see the traditional return to strong volume after Labor
Day, but I think that people were expecting too much. It seems that people are
only going to call two-billion-share days high-volume days.
Today’s Watchlist:Â
(
RVSN |
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PowerRating),
(
NTPA |
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PowerRating),
(
SCMR |
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PowerRating)
When I looked at Radvision
(
RVSN |
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PowerRating)
last night, I saw a nice short setup, as you can see from the chart below.
Looking at Monday’s chart,
I’m not sure what to think. The question is, will it break the 50-day MA?Â
I would continue to watch RVSN for a short opportunity. Set your alerts near
Friday’s intraday lows.
Netopia
(
NTPA |
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PowerRating) is
consolidating near its recent lows. The high volume move lower followed by the
descending volume during the consolidation suggests that this may just be pause
before a continuation lower. Watch for another move below the intraday low from
Thursday. The stock has been suffering since breaking its long-term uptrend.
Sycamore
(
SCMR |
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PowerRating)
closed just under its intermediate-term uptrending line on Friday. On Monday it
rebounded after the open, perhaps suggesting that buyers have come to the
rescue. Traders should watch for a move back above the 50-day MA, which
may act as resistance. On the other hand, continue to watch for a move below
Friday’s intraday low, which would signal that the sellers are in control.
Sycamore is known for trending with the market, so look for it to move with the
rest of the techs.
Until later,Â