Good setups are few and far between, but I managed to find a few I like. I am approaching with care, considering the distinct possibility of a strong counter-trend rally.

- PTNR is sitting under resistance after a high volume drop earlier in the month.



- MTH: Meritage Homes hit a low of 7.04 in January, and closed at 23.65 yesterday. I am considering buying puts.



- IIVI broke through a one year old trendline yesterday on increasing volume. Hat tip to Evil Speculator for this one.



- ILMN broke down through the 200 day moving average yesterday on increasing volume.




- SMTS has lower highs and lower lows in place, and appears headed toward March lows.



- STSA is still in an uptrend.