TASR, SOHU, FUEL(ABLE,GEOI)

Another disappointing day for the bulls, huh? The general indexes were sold off pretty badly, NAS dropped to its first support 1970 and SP500&Dow both touched their recent support 1163&10370-10400. A break of these crucial levels will definitely cause bulls to walk away for at least several months before coming back, so longs better keep a close eye on these supports! Now let's get back to specifics.

TASR:

• Got out in the morning today and re-entered at 12.12 before the close. I expect to see at least a short rally tomorrow to 12.6-12.8 EVEN if there's still no PRs from the company.

SOHU:

• This stock broke its 200-day MA for the first time a month ago since Feb 2004 and consolidated well above it taking into account of the market-wide weakness for the past month.
• With today's big selloff, it closed just above its 200-day MA (17.25) with below than average volume. I'm willing to own it tomorrow at a price as closer to this number as possible with a stop-loss set below 16.9 . My short-term target for SOHU is 21-22.
• http://stockcharts.com/def/servlet/SC.web?c=SOHU,uu[h,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

FUEL(ABLE,GEOI)

• I expect to see a short-term rally for these oil momentum stocks in the next few days. I will start accumulating some FUEL tomorrow at near 2.15 since its chart looks much better than the other two. I will wait for 2.8+ to unload.
• For ABLE&GEOI, I will wait for clear chart confirmations before I take a long position.

Trade well tomorrow!