Longs and Short of it

Big nothing day for the indexes. As for stocks here are some longs:
GHL NMTI GIL all have very nice chart patterns and all made strong moves today on big volume. GIL is still early its chart is just very nice and has a ton of accumulation. NMTI broke out of a 3 year cup with short handle on some of its biggest volume during the past 3 years. The handle was also very quiet, a good sign. A small postition with a cut loss around 7 is worth the potential upside. AEL is just another nice breakout with a strong cup chart pattern. A cut loss around 12.30 is prudent.

Other strong long charts are CYBX VSTA NXXI KV--A CFK

Also ELI looks coiled for a breakout alert set if should make a new high on strong volume.

Shorts: SFCC CDIS ZQK. If SFCC can rally back to 50 dma on low volume it looks like a good short. Chart is beatup. CDIS is back to 50 dma. A good short opportunity with a cut loss above around 48. ZQK is also looking tired and I dont think it is going back to its 50 dma. I would short now with a cut loss above the 50 dma.

Another short for IPO's is WOLF. If you can find some, this stock is good for a nibble as it almost made an engulfing outside day to the downside on big volume.

ALOHA