Well, we couldn't have made a more perfect market call last Friday. For those of you who weren't paying attention, we pegged the short-term bottom in the general market indexes last Friday providing over 100% returns on the QQQ call options for December. They say if you can't toot your own horn, who will? Basically, we crushed it and sure hope you did too. Now, we may run into a little short-term resistance so I would suggest taking your profits. If the market runs into the close, it might be a good time to pick up some December puts on the QQQ's or SPY's or, you can wait for a decent pullback and jump in to the long side. We'll keep an eye on it so be sure to follow our newsletter as often as possible. New Trading Play Onward and upward... I scan the markets daily and talk to many colleagues who make very large livings in the market. Yesterday, an idea popped up on my screen that my trading prowess couldn't resist sharing with you. This stock, much like the Rite Aid (RAD) trade I gave you recently (which has continued to trade up nicely, by the way) appears to have the stars aligning from a technical perspective. But first, let me say it's important to know the difference between trading and investing. Our most recent SCN Featured Stocks (MFON, BBLU, and AHRO) I believe to be excellent fundamental investing ideas for various reasons. So, when I invest fundamentally, I pick stocks that I like and tuck them away. Everyone here at SCN has different styles so it doesn't mean there is any one style better than the other. It's just important to know who you are. Today's idea, U.S. Precious Metals, Inc. (USPR) is a pure trading play. If you like to gamble on penny stocks and you're into technical analysis, which I'm extremely into and good at by the way, then USPR is a prime candidate for some fun. Huge volume spikes on beaten up stocks can often be a leading indicator that good things are on the horizon. Couple that with some other strong technical indicators and we can have the perfect storm. USPR traded 1.7M shares yesterday and the last time it started trading like that back in July, it ran like a banshee! Is it being promoted? I don't know and frankly don't care. I see stocks get promoted all the time that I'd never jump into and vice versa so here's the deal. Check out the daily chart of USPR here. The most important moving averages (200 day, 3 X 3 and 25 X 5) are all converging. And, the volume spike yesterday. And, my detrended oscillator and MACD are both entering positive territory. I don't know about you but these are the very things I get excited about in life. Pretty sad, huh? If you decide to play this, use a fairly tight stop but give it a little breathing room and let's see what happens. If you're a big boy, you can afford to gamble on ideas like this because when they play out, the returns can be ridiculous. Good luck! Trading Updates We've been talking about Blue Earth, Inc. (BBLU) now for over a week. The stock pulled back nicely this morning, so if you're one to wait for good entry points, I think this is a good opportunity. Our Rite Aid (RAD) trade is up about 15% in only a few short days, trailing stop here and let her run. No way to lose money at this point if you jumped in when we mentioned it. CommerceTel (MFON) and Atheronova (AHRO) are finally starting to get some attention and Onstreammedia's (ONSM) volatility continues there. This one's chart is actually starting to look like it's going break out or be done. We'll keep you posted. Have a great rest of the day and let's make some money!