EEDG - After breaking a longer term down trend to start off 2013 EEDG has since consolidated higher and today broke and closed at 2013 highs. Next level of resistance to watch is .12-.14c. Needs to maintain higher above .09c
AONEQ - Took this one overnight for a gap play tomorrow. There is an open gap left from December right around .05c and judging by the volume today I think there is good chance we hit that level.
SHZ - Good volume today towards the EOD. Watch tomorrow for a .42c break then next level is .47-50c….If .50c breaks then we can target .75c
EPGL - Pending breakout here, watch for a break above .03 as that should trigger the next big move . Wait for the .03 break. On the .03c break I want to see atleaset 4million shares traded that day.
STP - Good hold on support today, looking for a break higher soon for a swing trade. Needs to go above 1.90 to get moving again.
OPTIONS
XLF - Couple of the big banks report earnings tomorrow premarket and XLF closed only .05c away that very important 17.20 level which has not been broken for over 4 years. Looking at the 17 strike calls for a breakout trade on the Feb Expirations for a swing trade. (or could day trade the weeklies).
CRM - Bullish engulfing candle today as salesforce continues to show strength and looks like tomorrow we could hit more all-time highs. Looking to buy a red open for the r/g move and target 178ish
SINA - China stocks have been hot to start off 2013 and SINA looks like its ready to breakout. Looking to play the 55 strike calls and target 58-60 for my exit. If it breaks above 56.14 that will be my trigger long.
SPY - Its gearing up for a big move up to new 52w highs. Looking to play NEXT weeks expiration calls. Probably 148 calls as I think 150 is in play for next week. The 52w high is 148.11
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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Do the $SPY options move well enough for an intraday trade? I know the stock doesn’t major moves so would o/n plays be the best bet when playing $SPY?
thanks in advance
no you can definantly daytrade SPY options as they are the most liquid. The only thing you have to make sure you pay attention to is volatility because SPY doesnt make big moves daily as Im sure you’ve noticed the past few days.