CLOSED IDRA, MOMO, ONNN, MARK

Market tide is turning, felt its better to play some decent.  Took profits on a couple, cut losses short on   a few others.

Winners
IDRA
from 4.34
Exit. 4.92.
Nice winner.  But I'm not going to push this more than this.

MOMO
I caught a nice little swing here but thought it best to lock profits in as there was a fade.
Entry: 12.19
Exit 13.01

I took small losses in MARK and ONNN
Mark had no continuation and gave back its entire high volume move.
Out at 4.85

ONNN
out at 10.01  This had some nice consolidation but It looks like it is breaking to the downside. So rather than wait for ONNN to break down more, I'm out.

Exit: 13.01

New Year, New Trades, opened MARK, RESN, VDSI short

Opened MARK
I opened Mark at 5.23 on this weekly breakout. The volume was very impressive.  Float is 7 mill.

On the daily, a volume surge out of the down trend.

I felt this is worth a go, as the battle lines clearly drawn.  I don't think this is a one and done type of move. Interestingly, nearly all the volume came in at the during the second half hour of trading.  I'm not sure what that means.

Added RESN:
I doubled my RESN position on the pull back, which turned out to be a great place to add:

Stop I was stopped out a VDSI on the long side, but I used a double stop which flipped me to net short:
The failure to make a new high is not a good sign for this nor was today's bearish reversal.  I've noticed a lot of leading stocks are failing b/o  and then fading.  This suggests that we are probably gearing up for a bearish move down.

Long Trade:
Entry: 29.04
Exit 1: 28.62
Exit 2: 27.21

Short Trade:
Entry: 27.21