Watchlist for 1/31/14

CTSO - Still on our radar, the longer it holds up in this bull flag the stronger the breakout will be. But we gotta be patient and wait for the breakout. I wanna see a .30c break intraday (not a gap) . A dip back to .26ish tomorrow might be good spot for partial entry as we wait for it to extend.

EXMCQ - On bounce watch tomorrow, the stock just dropped over 70% in recent days and might be due for a oversold bounce. Bounce target would be .09c. Use prior high as trigger , hasn’t seen a move above prior high in 10 days (besides 1 trade) . A move above .06c is what we wanna see.

GASE - Looks like a new promo play with consistent volume and close the day in a 15min bull flag. Looking for a break above .70c tomorrow for a swing play up to 1.00 using .65c as a stop loss.

GSAT - On watch for a 5yr high break out above, needs to get above & close above 2.11 tomorrow. I think this could continue to trend higher up to next resistance level around 2.80-3.00 in the next week or so. GSAT has been on a tear since Sept. but has spent 2 months consolidating around 1.80 zone but today got a ‘day 1’ type breakout. Gotta break 2.11 tomorrow and then use 2.00 as a stoploss.

RNN - Watching for a breakout above 1.20 tomorrow for a move back to recent highs around 1.50 . RNN is in a nice bull flag holding above 1.00 recently and today it got another push, i think its ready to try new highs but it does have a lot of resistance in the 1.50s area.

OPTIONS 

TSLA - It spent the majority of the day trading right under 185 & suckering in call buyers like myself looking for the 185 break, but it just never came. Thinking tomorrow it will gap above it and give us a gap & go day with 190-192 being my target but a likely pin right under 190 by the end of the day. I like it more for a swing play though because earnings are still pretty far away and I think TSLA will break to new highs before the report. Remember TSLA’s short interest has actually seen a dramatic increase despite the major correction it went during Oct/Nov as it now has a 37% short float. Crazy.

CAT - Broke abovee the 93 resistance today and hit new 2014 highs, I think the chart is now very much open with next resistance level being around 96. I like the monthly 95x calls with a 96 target perhaps by late next week. I am long CAT shares.

NFLX - Looking to short it tomorrow under todays low. I think we close the week out around 395 judging by the OI on the weekly options. 395 is also the earnings day high. Very low volume today on the highs following a big move, which in the past has been bad news for NFLX in the following days. Looking for a 380 retest (where rising trend line is ) next week.

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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