MARKET HAS BOUNCED AGAIN. I'M LOOKING FOR MORE BUYING OPPORTUNITIES

This market continues to be bipolar. A few days ago, I went into cash. Now I am back into buying mode.

Today, I bought into a few stocks. STP near $42 and WFT near $54.20. Why?

STP has spit out a weird cup with handle. After the breakout, the stock came back down with the general market, but trading volume also declined. I am looking at the Stochastic and am noticing that the stock is OVERSOLD and it is ripe to head back up. Bought in today at $41.59 and again at $42.

On WFT, I am only looking for a 10% profit since the stock seems to be fluctuating and not making any significant moves in the past few months. Bought in at $54.20 and looking for a target near $59.20 since $59 has been a resistance point a couple of times in the past few months.

I am also continuing to accumulate shares in OMCL from $23.60 to $24.00. This should be a support area and hopefully the stock should rise again here soon.

Good luck trading.
JD