Looking through my scanners last night nothing really struck out to me as a big play or a must watch with one exception. My advice when you don't see much is to wait and see how the week starts out. The reason we do not see much is due to a lot of people selling on a Friday, wanting to remain liquid over the weekend. Keep track of your watch list but more importantly, pay close attention to the stock chat since most good plays will be starting today.

$PPHM: This was my biggest play in last weeks watch list. However, I still think there is more room to run. If anyone fallows cam's watch list he too has this on his. It already filled the one gap that I called out, now it's going towards the mother of all gap downs. While I don't expect it to fill the whole gap, it should take away part of it and ketch you at least 10 cents in gains (1,000 Shares x .01 = $10.00) which would give you close to $100.00 gains. If you follow Stock-skip in chat you will know he deals in at least 1,000 share quantities for that exact reason. As came brought out you will want to wait for a break out of $2.00. Why is that the case and not $1.94 which was the high? That is because people view big landmarks as resistance as well. Which only .06 cents away is $2.00. You want to see $2.40 hold as it works it's way up to $2.00.

$AXAS: You want to see $2.20 hold to see a continuation of this run. Friday looked like a nice "breather" day since it didn't not break Thursday's low. However, $2.20 is a must hold and it is flirting right around that mark as I am writing this.

$GEVO: This stock is channeling between the 9 and 20 SMA. This is a great example on how SMA can act as support and resistance. Watch this stock to see a close above these two lines as this could initiate a run up. If it closes below the opposite effect could happen. This is why you must wait for confirmation and not simply take a "gamble".

$OCZ: This stock seems to be getting good press. Watch this stock to see if it can break $2.10 to start chipping away at that gap down. This is a must watch stock.

$CLWR: Look for a continuation on this move up. We had a move up with volume on Friday, let's see if this continues this week.

This is my watchlist going into today. Most likely it will completely change come tonight as new plays for the week start to form. I am currently working on a gap down strategy. You can see my previous post to find out more about it. I will keep updating my results.

Have a great trading week and remember to trade your own styles, your own risk and to never follow someone on a trade, enjoy!