Phase II Trades - BRCM short with a long reversal at 32.50. HEPH short to target and a long is set-up at 17.75. INSP first trade long with a short reversal at 23.12. JCOM first trade long swing high of 46.15 x 0.97 = 44.76 so 44.75 is short reversal. JOSB short through the profit target. Looking for a trade #2 long off the swing lows of 43.29 x 1.03 = 44.58 adjust up to 44.63. NFLX first trade long will look for a trade #2 short off the highs. OVTI went short and reversed to long at 48.38. RMBS went short and reversed to long at 26.75. SINA first trade long. SOHU first trade long.

NFLX long through the profit target so will look for a trade #2 short off the highs. OVTI went short swing low of 46.96 x 1.03 = 48.36 adjust up to 48.38 for a long reversal which is where we are now. RMBS started short swing low of 25.93 x 1.03 = 26.71 and that rounds up to the nearest higher 1/8th of 26.75 which is where we are long from at this time. SINA started short swing low of 38.21 x 1.03 = 39.35 and adjust that up to 39.38 which is where we reversed to long. SOHU flat at this time.

BRCM currently short swing low of 31.55 x 1.03 = 32.49 so 32.50 becomes long reversal. HEPH through the first trade short target. Swing low of 17.23 x 1.03 = 17.74 so 17.75 is long. INSP long with a swing high of 23.90 x 0.97 = 23.18 so adjust that down to 23.12 for the short reversal. JCOM long. JOSB short.