Thursday, April 20, 2017

Watch list for 4/21/2017




Monday, April 17, 2017

Watchlist for Monday, April 17th 2017

With pretty much all of the major indexes breaking and closing below support last Thursday and breadth indicators such at the McClellan Oscillator and $VIX far from indicating over sold levels; I am leaning bearish tomorrow unless we get a huge gap down in the markets in which case I'll be looking for a bounce.


Will be eyeing $CALI for continued push up to the $3.75-$4.00 level.

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Will be looking to short this if it can morning spike up to the $24 area then set-up some sort of intra-day reversal pattern.

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Eyeing $ESPR for a long trade over $40.00. Has the potential to run to $42.00-$42.50 area.

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Idea in $CNAT almost identical to that of $AXON. I will be looking for a short if it spikes up to resistance + whole number $8.00 and then forms an intra-day reversal pattern.

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Will be eyeing $WTW above previous day's high for a possible push to $18.00

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Looking for this stock to bounce around the $42.00 support level after a nasty sell-off in the past week.

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Oil stocks have been very weak in the recent weeks. This is one is flagging above support at $17.50; will be looking for a short if this level cracks.

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Might need a few more days before this set-up plays out. None the less, I'll be eyeing this stock for one of two long plays. Either the break of $31.00 or a pull back and bounce off support at $29.50.

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Monday, July 8, 2013

Update...

It's been a while since I've blogged so I thought I'd give an explanation as to why as well as the latest update with my trading.

After violating the PDT rule at my previous broker (SpeedTrader); I retarded-ly did the same again at my current broker (MBTrading) Friday before last. So as of the last Friday in June, I haven't been able to initiate new trades.

I've held onto my long position in $REGI ($13.98 avg.) and don't plan on selling it anytime soon. This is the only position I'm holding.

My plan is to switch to a prop firm sometime next month to avoid this cursed PDT rule. However, my plan will be to draw off my profits (if any) at the end of each month and save my way to the $25,000 minimum hopefully by sometime next year.

Not going to force any unrealistic goal on my self thereby making a way for poor trading. Just going to focus on trading to the best of my ability and it is my belief that I will get there soon enough!

Friday, June 28, 2013

Current positions and some ideas for next week!

OPEN TRADES: $REGI ($13.98) $NXST ($34.40) $IRBT ($37.85) $SPWR ($20.98...added today)

Here are a few ideas I have on my radar:





Monday, June 24, 2013

Update and watches for tomorrow...

Today was not a particularly good day for my trading account as I was forced to take sizable losses on the open in $ACAD, $FXI and $IYR. As I had lamented in my previous blog post, I thought I might have gotten a bit too aggressive with my long exposure on Friday and the market proved me correct this morning.

So after today's close I'm down around 7% off my account high but still up around 5.5% since my account's inception this year. A 7% draw-down is way too steep and unacceptable on my part. I hate taking more than 3% draw-downs as in the past it has affected my psychology and caused me to revenge trade. However, I more aware of this weakness now and will attempt to slowly claw my way back. After all, I'm not running a race!

After the markets bounce attempt late in today's session, I got back into $ACAD for a swing and so this is the only position I'm holding at the moment. Although I was wrong about getting the bounce today, it is now even more likely that we bounce tomorrow and even higher that we at least get a violent 1 - 2 day bounce this week. So this is what I am positioning myself for. If it starts unfolding tomorrow; I will be looking to add longs from the list below along with my $ACAD position.

WATCH LIST: $PRLB, $AMRI, $RH, $XONE, $SCSS, $YELP, $NXST, $FNGN, $DDD, $INFI

Sunday, June 23, 2013

Trading update and watches for tomorrow

Although the markets are in still in a correction in my view, I turned short term bullish on Friday and positioned accordingly. I bought shares in $ACAD as I really like the set up and think that it can push to $20.00 next week if the markets bounce. I also added long positions in $FXI and $IYR via call options looking for mean reversion plays.

I might have gone a bit too heavily long on Friday especially since the close on Friday was not as strong as I was expecting. Plus the after hours price action in futures is also not very encouraging at the moment although there is lots of time for this to turn around before tomorrow's open. I still firmly believe that we will get a bounce, even if not a powerful one, based on the following evidence:

While the Russell has made 3 successive lower lows with a bullish doji on Friday, the McClellan Oscillator has made 3 higher lows! I think this will likely result in a 1 - 2 day bounce:





So despite being in a correction; I do not want to initiate short positions here. Further although I will be looking to make long plays; I have shortened my time frame and consequently my profit expectations. Instead of looking for 3 to 5 day plus swings and trading off the daily chart; I will now be looking to make over night plays to 2 day swings at most off the 15 minute chart while also using tighter stops.

Here are my top watchers for tomorrow: $XONE, $PRLB (3-D Printing), $TVL, $NXST (TV-Broadcasting), $INFI, $ACAD, $AMRI (Bio-techs), and $STAA

Sorry I couldn't post charts tonight but I'm really pressed for time.

All the best with your trading next week!