A few observations from this online trader.

HNSN - Hansen Medical is trading at a new high today after gapping higher. Two entries were given on the 5-minute chart. With no overhead, 30’s look promising.

QID has stopped out a buy signal, on a longer monthly chart. Is it just pulling stops, or will the recent highs be broken, sending QID even lower? I’m searching for longs. I also know a reversal will send QID up very fast.

WFR has broken trend line resistance. So has ICE, which is performing better at the moment. Both should now trade higher as long as those lines act as support.

If you don’t have a watch list of recent IPOs… Put one together. They’ve been working. LULU, WX, EJ are a few. This list will get you started. Remember, there’s no overhead to contend with on IPOs.

EJ is coming up on its recent closing high here. I’m in if that holds.