SKTO - Sick breakout call from last week , we had in the list every night and posted numerous charts on twitter showing the breakout pattern and then on friday it broke out and today it continued. Looking for another day of upside tomorrow with .02-.024c being the target zone.
FNMA / FMCC - I re-entered FNMA this at the close today at 2.40 , i like how it pretty much went sideways all day today and consolidated above 2.30s for most the session. Tomorrow looking for a gap and go day, I think we can take out recent highs at 2.68 tomorrow. Looking for parabolic move tomorrow. You could play FMCC as well, they run together.
GSAT - Flagging on daily chart, watch above 1.45 tomorrow could see nice breakout, this stock has seen numerous moves so far this year lots of healthy moves in GSAT in 2013. 1.60s is next resistance zone from back in 2010
GS - Watching for a breakout tomorrow above the 162.50 pivot point . Today’s action in GS was not what I wanted to see ( I’m still holding from friday ) but overall it didn’t really do any damage, was just an inside day. Either way, GS I think above 162.50 it can provide a nice trade thru 165s. Im still holding but will look at adding if we get the breakout tomorrow.
WFC - Bull flagging on the daily chart, watch this one above 43.05 ( bull flag high) for a breakout tomorrow. I keep thinking were gonna see a rotation into the banks but the price action last few days hasn’t confirmed that thought process yet. Maybe that changes tomorrow, above 43.05 is where the trade is with 44ish as my target.
GLD - Looking for a fade play tomorrow on a break under todays low. GLD has rallied about 8$ in the last 2 weeks or so and in the overall downtrend I think that fading a rally like this will work. GLD has only broke under prior days low once in the last 10 days and hasn’t closed under prior days low in 12 days so Im looking for that streak to end tomorrow. Also if you look at long term chart we are right now testing huge downtrend line.
Some other quick ideas
TSLA - looking for 160 to play defense tomorrow. I might try buying the dip tomorrow as long as 160s hold
NFLX - if this flushes again tomorrow which it looks like its going to it could provide good dip buy opp at 300 , a nice round number that lines up well with a long term uptrend line .
AMZN - If you read my ‘ breakaway gaps’ post you should what to look for in AMZN. patience
PCLN - watch this one with 1050 being big level. over/under trade
Remember this is just a watchlist and do not guarantee to be profitable trades. Use your own judgment when making the trade.
Sign up for our free newsletter!!!
We have emailed out a very impressive list of alerts that turned into huge gainers recently like PPHM +830%, MWIP +1100% and PVTA +470%!!! So sign up for our free newsletter to get alerts like these.