Watchlist for 1/9/13

GNBT - Nice 50% run today straight off watchlist. Today closed near the highs above .04c so now raising our target for tomorrow to .05-055 …Really love the volume on this one today.

EDIG - Former runner getting volume past 2 days and right under resistance at .15c so watch for .15c break then target .18c for quick daytrade.

ADXS - Good volume today with amazing price action…looking for a target move to .055-.06 tomorrow.

CYRX - Ready for round 2 move heree. Needs to hold above .40c but it could slowly grind up to .60c

CPRX - Could be good trade tomorrow to into the open gap. Watching for a .69c breakout then massive gap to 1.40 Now I dont expect it fill that gap but a move to maybe 1.00 is possible. Using .69c for the pivot.

LDK - We first introduced LDK as a swing idea a month ago under 1.00 and now looks ready for another play. Using 2.15 for trigger entry and then 2.00 for my stoploss. All solars look good for tomorrow so STP YGE HSOL are also in play but I think LDK looks the best.

VUME - On watch for possible PPS pick tomorrow. Will be watching for premarket volume ( likely over 250k) to help confirm that something is coming. No premarket activity then its not in play.

OPTIONS

SPY - Holding a massive gap now for 5 days and hasnt even gone under the low from the gap up. Also above major Fib levels so in my opinion its holding up very well. Tomorrow I am looking to grab some 146 calls on either a gap down that doesnt go under todays high OR buy the previous HOD break. If we go above 146 then I fully expect 146.61 to break aswell and give us a new 2013 high.

JPM - Closed very strong today at the HOD with good volume. Looking to play the 46 strike calls tomorrow as JPM looks like its ready to take the lead on the next bank rally. Looking much better than GS and BAC…

ARNA - Hope you caught this one today, right off last nights watchlist. Crossed 9.50 and rallied all day to 10.00.  I really dont see any resistance on ARNA until 11.00ish so I think ARNA is still worth a play despite it running 9% today.

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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