ERBB - Former runner getting some really big volume today and breaking its recent downtrend. Some resistance levels to pay attention to is right around .005 . But if we close above .005 tomorrow I think this could see .007 in a hurry
PHOT - We told you that PHOT was our favorite of the group besides MJNA and today PHOT really got moving. I would tomorrow will be the last day for all these weed stocks to run so make sure you take profits tomorrow and would suggest not taking into wednesday. But I do believe that PHOT is going to make a move .10-.12c tomorrow
HEMP - really strong move today and it appears to be ready to test/break those october highs
SNDY - closed right into resistance, would love to see a gap and go trade tomorrow above that .0045 level. target would be .006ish
VDSC - back on watch tonight because its holding onto its highs in a nice box formation. we need to see a break and close above this box which would be .01+ . Above .01 and it’ll run strong again. Huge move so far in 2013 and for sure is not over.
AQNM - on watch for some premarket blocks tomorrow as it looks like it could get a promo tomorrow. it had some big volume to close out the day. needs 500k in the first 5min of the day tomorrow.
NTEK - broke above that nice flag formation today and looks good into tomorrow. Needs to break the previous day high to get any new highs so wait for the breakout. Volume wasn’t the strongest today
CERP - watching for a break above .03c tomorrow, today it made a higher low and higher high as it retraced some of the monster move it made in the end of Jan. Above .03 and I think we test Jan highs soon.
ZPPB - possible bounce play idea here. Its forming a base at .05-06 so we need to see that continue to hold. Ill be watchin for a .078 break ( friday high ) for a trigger long and bounce possible back to .10-.12c
OPTIONS
AAPL - Closed really weak today and it now appears that AAPL might finally fill in the gap it left in Jan of 2012. Right around 428 is where the gap is still open from. Not saying its gonna happen tomorrow, just saying that the short setup is there. AAPL gap down on earnings, and failed to retrace any of the gap down which is a sign that we should head lower. Looking to play the 440 puts tomorrow and need to see AAPL stay under 445.50ish
NFLX - Should break out above its nice flag formation tomorrow. Notice that it traded sideways holding onto its earnings gap which means it should lead to higher highs. Also today the 8ma touched the candle and acted as a strong push upwards closing up 6%. Would think that 185-190 is not out of question for this week.
SPY - Closed under its 8ma today and with the VIX closing very strong I think that this is a good time to get short some SPY and target the low 148s for a nice pullback to its 20ma. I will look to grab some 150 puts, as the VIX rises and SPY drops we can expect the premium to also rise nice on ITM puts.
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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