Updates on TASR, VEXP, BOOM, TZOO

The sluggish behavior of the major indexes for the past week indicates there's probably more downside ahead. I anticipate a re-test of 1900 for NAS and of 10000 for DOW within next few days so make sure your stop-loss is always in place when longing stocks esp those with high volatility.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=nasdaq&sid=3291&o_symb=nasdaq&freq=1&time=7

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=djia&sid=1643&o_symb=djia&freq=1&time=7

Now let's take a look at some good longs for tomorrow:

TASR:

• Its chart looks good here and the momentum is getting stronger. As we can see from the following chart, there's a gap at 11-12 to be filled. I expect it to continue building strength in the next few days IF major indexes stay above their support.
• I accumulated some shares today at 9.06-9.12 and I will buy more tomorrow morning if it opens low. My stop-loss will be just below 8.9.
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=tasr&sid=0&o_symb=tasr&freq=1&time=5

VEXP:

• I expect this momentum stock to reach 7.5-8 tomorrow due to continuous momentum and strength.
• I bought some shares before the close today and will buy more in the morning around 6.5. 6.25 will be my stop-loss.
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=vexp&sid=0&o_symb=vexp&freq=1&time=4

BOOM:

• BOOM looks like a good short to me at this point with a short-term target of 20.
• I will short it as close to 29 as possible with a stop-loss just above 30.
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=boom&sid=0&o_symb=boom&freq=1&time=6

TZOO:

• I'm interested in buying TZOO at this point with a stop-loss below 28.8.
• Its chart looks great with little downside risks and 40 is my short-term target.
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=tzoo&sid=0&o_symb=tzoo&freq=1&time=6&x=48&y=18

Good Luck with your trading and stay tuned!