After yesterday’s wash-out I’m looking for some Turkey Trades for a two-day play. The first, posted in our chat room was LNG which we’re already being rewarded for with some ridiculous contract goosing the stock by a buck in after market last night and pre-market this morning. That was  a nice gift and possibly the start of an interesting LNG / CNG theme for the next two days. Let’s look at some others.

Clean Energy (CLNE) – The big bar on November 15th is a Cramer boost and the stock has since given it all back. It is trying to find support at the 50 day and has set up in what may be a multi-day reversal pattern. I started this yesterday with LNG and a few others, but it looks ripe for an add over yesterday’s high with a stop below 11.50

Westport Innovations (WPRT) – Also a CNG play, and by far my favorite in the group this name has rewarded dip buyers when the daily looks ugly but the weekly remains in tact. Just as the stock is now as it trades back towards the October breakdown level. THis one is tough because there is no real key stop level just yet. I added this yesterday too and will look to add ore on a move over yesterday’s high, raising my stop to yesterday’s low should it transpire.

AMC Networks (AMCX) – Not much to say here other than the obvious; trend break, bull pennant. The stock is set to rip over $38.00

Ebix (EBIX) – One of the last remaining setups from the previous failed breakout bonanza. Long over 18.82 stop at 18.00

Fair Issac (FICO) – Bull pennant. The long comes when you see volume and a move over 34.00 The two MUST be paired together.

Hms Holdings (HMSY) – A fade after a monster post- earnings bar. Look for a move over previous day high WITH volume.

These are just a few of the names I’m looking at for a 2-day trade. My idea is to take them today should they trigger and sell them on Wednesday as they get some juice and everyone else starts realizing that we’re not going to fall into the abyss before Thanksgiving.

Make no mistake about it, my read on the longer term based on weekly charts has NOT changed. I am looking for much lower prices but I believe the charts and extreme bearish sentiment is painting the opportunity for a bounce.

Trade ‘em well.

Quint is the portfolio manager of the Tatro Capital Tactical Appreciation Fund (TCTNX) at the time of this writing he held a position in LNG, WPRT, and CLNE