LVLT coming in, CTRN support

Finally! I have a new Apple Macbook. I guess the old one was so screwed up that they had no other choice.

So that means, I'm working from a clean slate instead of a cluttered desktop and now have access to charts once again.

But down to business, LVLT has had a heavy volume drop since its earnings report. I has crossed over it's 200 sma pretty weak. These small caps really get blown to bits if they don't do everything right. I feel this move is a bit overdone especially in such a short period of time. Therefore I would recommend looking to buy the stock at 5 dollar support. This level is good for four reasons. First, obviously the stock jumped strongly off it in September and December. Second, there is psychological support at such a key number. I think people will see the 5 dollar level realize he wasn't this thing just recently at 6.25 and start place some bids underneath it. Third, the Cramer promotion machine is beginning to spin its wheels once again for this stock. HE WILL NOT JUST LET HIS SPEC STOCK OF THE YEAR GO DOWN THE DRAIN. Fourth, it has clear parameters. It lets you find good stop placement (2 or 3 percent below 5 depending on tolerance) letting you know quickly whether you've screwed up or not.

So, at the very least this is a nice bounce play. See how it trades and be prepared to act.

CTRN, an urban clothing retailer, for the last two days has bounced off its 200 sma. Today it is coming down again and may very well hit the sma once again. I would expect to see another bounce off that level. The 200 sma has been a consistently good place to buy CTRN over the past year and I think this holds true here as well. For the last six months the stock has been in sideways consolidation mode making it a pretty good range trade from the 200 sma to around the 45 level. For this stock, I'd look to buy at the 200 and stop out below 37.50 for this trade.

Oh and did you see REXI and ATU? Nice bounces off those buy levels. REXI moved big. I would consider selling off part of the position here (well you should've when it was up 10 percent yesterday). But I would still continue to hold some as well. ATU is a hold right now.

That it for right now.