END OF WEEK UPDATE

Market took a huge beating on Thursday.

End of Update.

FUQI,,,,, I May Have Been Too Cautious

FUQI broke thru it's 52 Week High on HUGE Volume to close up nearly 17% for the day. This is a great sign but stay vigilant as this may be just a fake break-out. As seen in FUQI's chart, the last gap-up we had led to a pullback but the May 15th gap-up led the way to a HUGE run. Our 20 and 50 dma's are running upwards while our 200 dma has just begun to sweep upwards. These are good signs. 

The 4.6 million shares traded today is the highest volume since FUQI IPO'd. 

Overall everything looks great but in this market it pays to stay alert and protect your profits...

XIDE up 17.7% on the day - protect profits and proceed with caution

CPST up 11.8% on the day - protect profits and proceed with caution

ABIO up 3.7% on the day - stay alert

NCS still trudging upwards 1.4% on lower volume - stay alert

BIDU appears to still be in consolidation phase - on watch 

WNR still Pinching - on Watch List

HANS still on Watch List

ANCI faltering but still on Watch List

LNG faltering

SUSQ still playable. 

WATCH LIST FOR JUNE 29 - JULY3 2009

Pinchers to Watch -

NCS-HANS-WNR-ABIO-ANCI-XIDE-LNG-SUSQ

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BIDU -

Looks like BIDU is making a run at a new recent high again. If it breaks 310.25 with a Volume Spurt it will be a Buy.

I believe it is in the midst of forming the Handle of the Cup and will consolidate for a little while before making another run.

With The Chinese Government Hassling Google as of Late this could make for a Very Interesting Trade

Keep a close eye on it.

FUQI -

Appears to be in a consolidation phase and has yet to retest it's 52 week high.

It appears FUQI may have formed a shabby double-bottom.

Indicators have taken a turn for the worse.

FUQI is NOT A BUY unless it breaks a New 52 Week High on Higher Volume.

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CPST -

If the House Passes the Clean Energy Bill CPST Could Make for a Great Trade.

Keep It On Your Watch List.

END OF WEEK UPDATE

Our big winner of the week is a Pincher Play - NCS

NCS closed on 6/19/09 @2.09

NCS closed on 6/26/09 @2.84 for a 35% weekly gain.

Indicators are still in good condition and with the volume spurt that accompanied the PPS rise I believe there is still room for NCS to run.

The 20 dma is @2.93 and if we can get thru that and the markets cooperate we can possibly see $4.00 as our next resistance.

Don't forget to pocket some profits to ensure a positive trade after this much gain.

HANS - closed 6/19/09 @30.77 and finished this week by closing @31.77 for a small 3% weekly gain.

HANS has not had the needed volume to break this pincher wide open but indicators are still heading in a positive direction and if we can break thru the 200 dma and the 20 dma we can possibly see HANS run till our next resistance at 34.23.

HANS remains on our watch list.

FUQI - appears to be in a consolidation phase and has yet to retest it's 52 week high.

It appears FUQI may have formed a shabby double-bottom.

Indicators have taken a turn for the worse.

FUQI is NOT A BUY unless it breaks a New 52 Week High on Higher Volume.

WNR still remains on my Pincher watch list. 

WNR closed 6/19/09 @ 7.57

WNR closed 6/23/09 @ 7.20 for a slight loss.

On 6/24/09 WNR was upgraded from HOLD to BUY by Soleil Research Firm.

Indicators are still heading in a positive direction and WNR remains as a top play on the watch list.

ABIO is a BioPharmaceutical play with very low volume.

ABIO closed 6/19/09 @2.94 and closed 6/23/09 @2.92 for a slight loss for the week.

ABIO still remains on our Pincher watch list.

BIG NEWS RELEASED TODAY!!!!!!!!!!!!!!!!!!!

MICHAEL JACKSON - DEAD

FARRAH FAWCETT   - DEAD

SPONGETECH - RAISED AUTHORIZED SHARES COUNT ,,,,,AGAIN

(not really news but I thought I would mention it)

Another Excellent Press Release from Spongetech - hahahaha

This sentence from the Press Release says it all,,,,,,

"The newly reported orders include SpongeTech® receiving an initial purchase order with a new major retailer in Canada."

ANOTHER UNKNOWN FOREIGN COMPANY MAKING PURCHASES FROM SPONGETECH.

I guess we will not be getting their contact information either.

I also noticed that as usual there were no figures attached to this Initial Order.

Always hiding information.

First sign of a SCAM.

http://finance.yahoo.com/news/SpongeTech-Delivery-Systems-bw-2380272355.html?x=0

Stocks to Watch this Week

Here are some stocks I am watching for plays on for the coming week

FUQI - Fuqi International, Inc.  

A Chinese Nasdaq listed stock

Been on a huge run since early April. Just had a nice 31% pullback and finished the week with 2 positive days with volume increasing both days.

If FUQI breaks it's last high of $19.47, and triggers a New 52 Week High on continuing volume, that will make it a buy and we should see plenty more upside.  

While FUQI has not formed a valid base to launch another run from,

Indicators have turned positive and this stock bears close watching.

The only problem I can see for FUQI is if North Korea fires any missiles at China due to China possibly intercepting a North Korean ship said to be carrying Nuclear Materials.

This could cause problems.

Another stock I like is -

HANS - Hansen Natural Corp.

HANS is showing all the signs of a major pincher movement about to happen.

HANS has dropped aprox. 30% in the last month and all indicators are showing a turn for the better.

I would like to see volume increase as it breaks thru it's 200ma

Several other pincher plays to keep an eye on this week are ABIO, WNR and NCS.