VDSC - Continues to trend higher this week as we are now in blue sky territory. I would imagine it will have issues with mental resistance areas like .005 and .0075 but judging by the current momo I strong believe this will run to penny land. Use prior day low for stop loss.
STVF - Our target was hit perfectly today but because STVF closed right at the highs I think that we could see a little more upside tomorrow before pulling back… I see .75c as the next stop for tomorrow then Id let it trade sideways for a bit and see if we can get a bull flag formation.
GNBT - Looks like it could pop higher as it is holding onto the big run it made last week and now is testing the recent high of .0445. Tomorrow looking for it to break .04 and hold it, ultimately we need it to break .0445 for GNBT to really get moving but I like the consistent volume here and could make another run to .065c soon
OPTIONS
AAPL - Fridays as of late have been awesome for AAPL and I expect no different tomorrow. In fact 11 of the past 16 fridays have had red closes and with AAPL’s failure to close above 507.50 (which is the high of 1/14/13) . So my lotto play for tomorrow is the 495 puts which closed today at .94c and if AAPL does indeed break down under 500 tomorrow I think we could test the low 490s and the 495 puts are the best place to be. Needs to break under 500 in the morning, otherwise I will give up on the trade.
AMZN - Holding onto that key 270 level and is still above its 8sma. Watch for a break above 272 as that should trigger the next move higher. I am looking at maybe swinging next week 275 strike calls and use the 8sma as my stoploss.
PCLN - Tricky trade here, but lately buying calls on any dips that hold previous day low has been proven to be really good entries. Looking to do the same thing tomorrow. If you never have traded PCLN before you gotta know you cant chase breakouts, you must play the pullbacks. Needs to hold above 666 and I really wanna see a better extension above 670 tomorrow. This could pop to 685 in a hurry.
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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Noticed HAL broke above its channel of resistance and would of been a nice entry @37. Noticed it is a popular swing trading stock, are you familiar with it above its recent resistance level of 37?