NTEK - Sick move today of our weekend watchlist and it closed really strong so Id imagine NTEK has more room to run tomorrow. This is blue sky break so no resistance levels. Tomorrow we need to hold above .018 to keep the momo rolling but my next target is .03
FREE - Alerted this one intra-day on twitter around .23c and it made nice move to .27 throughout the day. Great reversal signal. We previously channelled around .34c so thats my target for tomorrow. .235c is where it needs to hold to keep the momo
JAMN - I like JAMN for tomorrow again as along as it doesnt gap up. JAMN in the past has rejected gap ups. Would look for a gap down to enter or a flat open but again, great breakout today straight off our watchlist
ADXS - Watching for a break above .076 tomorrow that is the 100day high. If it breaks that then .095 would be next level of resistance. Love the volume so far in 2013
SWVI - we said last week that SWVI wont be in play until it broke .30c well today it broke and CLOSED above .30c so now its back in play. No resistances, just mental ones like .35 .375 .40
OPTIONS
LNKD - Big options winner off our weekend watchlist closing up over 2.5% today the 125 options were up 140% today. We are in all-time highs and I think this should run into FB earnings (Wed AH) I think 130 is in play this week. Support at 126.70 would trade around that level.
BIDU - Nice breakout above the recent pullback (bull flag) today and it closed above its 8ma which should supply us with a good trigger long. Using 114 for my target…thats where the 200ma is at and where we topped out just a few weeks ago. 115 calls would be a good lotto type play
FB - Looking to hop into the Feb 16th 32 strike calls tomorrow as I think FB will run into its earnings announcement. Not sure if I will hold through earnings but I think playing the premium rise could work out really well. Why the Feb 16th strike? Well the Feb 1 32c closed at 2.01 and the Feb 16th 32c closed at 2.14 … So I gain 2 weeks by spending extra .13c (mis-priced imo)
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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