Watchlist for 12/5/13

TRTC - Didn’t get the breakout like i wanted today but it didn’t do anything to make me think that it cant go tomorrow. Needs to break above .09c and hold it, today when it went above .09c it went right back under in the first 2min of the day. So break and hold above it, I still like the .12c target

NAVB - Got into the gap today left back in Oct and is looking like its gonna fill it in and then some. Looks good for continuation tomorrow up to 2.20ish

PVCT - Couldn’t get going the other day when we had it on watch but it is now forming a nice bull flag Watch for a breakout above .945c tomorrow for a move back to 52w highs around 1.15c

AAMRQ - On a bounce watch tomorrow, I am expecting some more downside in the morning and a slide down to support around 9.70. If it does drop there early I think that will be a good spot to buy some for a bounce play back towards 11 within the next few days.

OPTIONS

TLT - Another big down day today but held above 52w lows, I think we could see a rotation into bonds as the overall market begins to rollover. With stocks showing some signs of weakness I think we could see money move into bonds. I am looking at getting into Dec monthly 103x calls and I will use 52w lows as a stop loss area. Seems like a good risk to reward setup. My swing target will be back to 105.50ish.

GS - Holding up really well during this market weakness, I think I will re-enter a swing long position tomorrow on GS. Although I do believe we see SPY continue to drift lower or chop sideways I do think that we can still see some upside on a few names, GS being one of them. Im looking to get into Dec monthly 170x calls for a move to 175+ before expiration.

WYNN - Nice bull flag on the weekly chart, and today with LVS seeing a huge move into new 52w highs I think we could see some sympathy with other casino stocks. Watch for a break above todays high, I think we could see WYNN push to new 52w highs by next week. Really love this setup.

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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