Watchlist for 1/15/13

BMSN - Great day move today, it was a gap and go type trade. Love the consistent volume here. Tomorrow levels to watch are .0026 .0031 for support and .0038 .005 for resistance levels. Should see continued momo.

VDSC - still on watch for a .003 break. It hit it today but failed to break it. I think if and when it breaks above .003 VDSC will have a good shot at running to penny land.

GGCO - We added this to our watchlist for potential promo tomorrow morning. Watching for premarket action and big blocks at the open.

FREE - Still keeping this one on radar, once it breaks above .42c it should see a round 2 type move but it is an avoid until it can break above the channel at .42c. Keeping on radar though because its holding higher and keeping higher lows.

OPTIONS

FB - Bearish engulfing candle today going into tomorrow’s media event. Looking for a sell the news type trade. I think that this is more of a pullback then a reversal for FB as technically FB is acting very strong but in short term I think a pullback to 21ma looks likely.

AMZN - Broke above the bull flag right away today and held onto its gains all day. Looks like AMZN has 300 written all over it in the coming weeks. Tomorrow I want to see 272 hold for support and I am using 280 as a target for now.

SPY - Looking for break into new 52w highs tomorrow. We just had two flat days on light volume as the 8ma has now caught up to the candles. I will use 147.15 as a trigger long . Big move coming on SPY – could go either way but based on the chart I think we head up.

Remember this is just a watchlist and do not guarantee to be profitable trades. Use your own judgment when making the trade.

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