MOJO Swing Portfolio - 10/16 Morning Update & Watch List

Published: Wed, 10/16/13

Wednesday October 16, 2013

Hello MOJO Swing Trader,

The government is up to it's neck in meeting and deadlines that will cause the markets to be volatile. It's in their hands now and has been, let's see what they do.

In the meantime, the CANSLIM stocks continue to perform very well. I have a few new stocks to add to the Watch List.

China Finance Online Co. (JRJC) = volume peaked yesterday and can continue today - has been on watch list since 10/10 picked at $2.75 - it spiked to $3.27 - so a trade play would be to buy here in anticipation of a break of the high and continued highs to test $3.50 and then make a short squeeze move to maybe even $4.00

Oclaro, Inc. (OCLR) = stock is gap up above yesterdays high. Now at $2.0 X 2.23 - and that size at $2.23 is Bullish. If it goes thru that it will head over $2.25 and to $2.30. Volume will also be a key player. Be patient and get back into it as it may be heading now to the $2.50 range and we just have to keep it above $21.5. Any weakness buy the dip.

Thanks for reading, and profitable trading!

ProTrader Mike
email: info@mojodaytrading.com
Skype: protradermike
website: http://www.mojodaytrading.com

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