Well, the one oddball to keep an eye on last nights scan was FNMA….man o man…what could have been had that news got released near the open vs. premarket. Got some ok trades on it and some not so great trades. The gap and go in hindsight was a lil obvious but what can you do. It should provide us some great trades in the coming days/weeks.

I will be headed out mid day for a massage, I purposely am scheduling these mid day to just get away from the screens forcefully at least 1 day every two weeks. Anyways hope everyone has a great start to the new month.

FNMA – MASSIVE volume, just massive. Would love any morning wash to scoop, this has $5.20-30 written all over it

FMCC – Same idea as FNMA

BBGP – Took some swing on this in the .24s and .29s. This is a great chart to learn from as most have NEVER seen this in the last 2-3 years.. These are some of my FAV style trades for bottom bouncers. Risk is still there as you never know if they just hammer it more. Look at HADV chart for what I expect on this.

GLRI – Penny OTC oil that I am keeping my eye on, took a lil on the .06’s today. If oil continues to ramp, likely get some action in the smaller names.

DRYS – Great trades today by most, nice one for overnight gapper, thinking max around 6.50s. It ALL depends on the action on this, there is obviously millions of fresh shares being sold so gotta recognize that in the trend.

HTBX – Smashed to 1 a/h. Likely play the wash bounce. anything under $1 I will like with SSR to help ramp it back.

MEMP – Nice one to keep an eye on. Would like wash sub .50s for long snag.