Asia was down but Europe is up as are futures this morning. Greece is still making headlines but seems to be of less interest to the Street. European leaders are turning up the pressure on Greece which is a good sign they have just about had enough out of the struggling country. I believe Wall Street is looking for reasons to buy and not sell, so I remain bullish on our existing swing trades and hope to lock in profit on them both soon, possibly even today so be ready.

Economic data on tap include the latest weekly data on jobless claims at 8:30 a.m. Eastern time, which will be gleaned for clues to Friday’s October employment report. Third-quarter productivity data are also set for release at 8:30 a.m. Eastern, while the Institute for Supply Management’s October services index and September factory-orders data are scheduled for 10 a.m. Eastern.

If you’d like an example of what I’m looking for on COOL just look at the GLUU chart. Consolidation before a breakout to the next level is a great chart pattern to play. The stock, however, must have a reason to go to that next level, otherwise they go down. COOL’s catalyst is the launch of Zumba II in the coming weeks, the sequel to one of their best sellers Zumba. If COOL holds this range, it is a trade we might make several times before that breakout buying the dips and selling the channel until it pops where we would get a solid profit. I’ll also be looking to add more shares at some point.

CWTR has been a boring stock to say the least but I think it could still pop for 10-20% which is why I’ve held. If it breaks $1.15 then I’m staying in because I think we’ll get $1.20 to $1.30 short term. Again, despite the recent offering, this chart looks very bullish so provided those hedge funds who are now up over 20% don’t dump the chart could attract momentum buyers if it gets going. I’d be happy with $1.20 – $1.30 here today or tomorrow.