VISN has pulled back nicely to the $18 price range and closed higher on higher volume. Looks like it wants to test $22.85. I will enter in around $19.10.

Stopped out of DUG at $28.23, where I was short oil but it keeps going up….crazy! It may now run down to the $25-26 level. Spot oil may run up to $130 before turning. I’ll keep my eye on this next week.

CPST is acting really well, currently up +18% from my call last week.

NNVC went as low as $1.00 and closed at $1.12 on good volume. This was lower then I expected but still acting well. With small priced stocks like this you need wide stops. I’m still targeting $1.50.

I also got in WYNN and LVS last week.

With ICPR I’m kicking myself I just missed the entry by 2 cents. My buy order was for 0.48 and it hit 0.50 and now after a few days it close on Friday at $0.82. I’ll wait for a pull back to around 0.72 to 0.75.

Got into NanoViricides (NNVC) this morning at $1.20. It had HUGE volume a few days ago and wants to run to test $1.50. See the daily chart below. Keep your stop loss under 1.12.

Then on a weekly chart if if break past $1.50 on more than 1.49 million shares it will run up to $3.00 to $3.75.

AMD (Advance Micro Devices) broke out on huge volume on May 6 with over 75 M shares. I am going to buy on a pullback at around $7.07. This looks like it wants to test $8 next then if it does that on good volume AMD will run for $13!!!! Keep this on your radar.

Like I posted yesterday CPST rocketed higher today up +10.85% on after an analyst gave it a buy rating. That makes me happy.

RIMM broke out to a new 52 week high but on lighter volume. This will climb a little higher then pullback into the $125. If is does this on lighter volume I may pick up some.

Oil reached another new high which is ready to pull back. The best way to play this is to look at the XLE which is an ETF.

If you look at the weekly the XLE is climbing up on little volume which means there are few buyer. And when there are no buyers what should happen to the price? It will come down.

My call is that the XLE needs to retest the $78 price range since there is a lot of volume at that price. This is why I am entering in the DUG which is an inverse ETF on oil. I’m in at $30.50 and short term to test $33.96.

Capstone which I have fun trading is now breaking out of the $3.00 range with volume. I bought more last week at $2.94.

Look at the weekly chart below and you will see that it wants to run upt o test $4 to $4.50 next swing point.

CPST go go go……