Phase II trades - AFCI long trade reversed to short at 26.62 and that trade through the target now looking for third and final trade long at 26.63. HEPH currently short with a long reversal at 18.25. JCOM short to the profit target so looking now for a long trade off the swing lows plus our calculation. JOSB short. NFLX flat so far. OVTI short with a long reversal set at 48.50. RMBS short with a long reversal set at 26.38. SINA short with a long reversal at 41. SOHU short with a long reversal at 35.38. WEBX short through the profit target so now looking for a potential second trade long off the lows plus the calculation.

OVTI short with a swing low of 47.08 x 1.03 = 48.49 and adjust up to 48.50 for a long reversal. RMBS through the short profit target - swing low of 25.55 x 1.03 = 26.31 so 26.38 is current long entry for a trade #2. SINA short swing low of 39.80 x 1.03 = 40.99 so a break of 41 for a long reversal at this time. SOHU short to the profit target - swing low of 34.31 x 1.03 = 35.33 and adjust up to 35.38 for a long set-up. WEBX missed short so will be looking for a long trade off the lows plus our usual calculation.

AFCI initially long swing high 27.50 x 0.97 = 26.67 and adjust down to the nearest 1/8th or 26.62 and that's where we reversed to short. That trade hit our profit target with a swing low of 25.75 x 1.03 = 26.52 and adjust up to 26.63 for a potential third and final trade. HEPH currently short swing low of 17.64 x 1.03 = 18.17 and adjust up to 18.25 for a long reversal. JCOM short to target (within 1 penny) so will be looking for a second trade long next. JOSB now short. NFLX short.