Interesting day today, not a whole lot of action but FNMA had a nice bounce play on it. Some amazing bounces in some of the smaller MJ plays and I will look to start getting short on some of these as well. Been a little off last few days so sorry about that…I think I just needed a brain break for a few days while the market was open. I also think I was getting very accustomed to finding setups each day…yes there are some out there but I just avoided for whatever reason.

Should be a fun way to close out the week with some of the names starting to hit scanners. Oil started to heat up again today so going to put the Q’s back on watch

FNMA – A constant daily watch with this much volume trading each day. Its in a range still at the moment and really only want the 2.90s to base for at least 2-3 hours at one point for the long…If .80s still peak out can easily get some nice washes. The way they bounced it hard off 2.50 tells me much higher in coming days

PGNPQ – Just one to watch with shippers…bids only..as its super thin

KEGXQ – Nice lil close today on this one. Some nice follow thru over .07 and base can get this one lit up again.

BBEPQ – Like the swing risk based on .25-24 area…break over .30 brings back real volume.

EXXIQ – Same thought here as well, .10 risk but .15 break and volume can send it.

LNCOQ – .10 is the key spot here, again thin one so bids only.

BTGI – Just a subber if your interested in those to keep an eye on for any decent dips and holds.