Watchlist for 3/6/13

BMSN - Alerted this one intraday on twitter because the watchlist from last night sucked. BMSN though closed above resistance of .013 with good volume. I think tomorrow we go and test previous highs around .015c . BMSN is known for making 2 days moves, not 3. Tomorrow is day 2. Must hold support at .0122

ENTB - Getting sympathy off BMSN. These two run together so as long as BMSN is moving higher ENTB will follow suit. Same gameplan here I think it will test recent highs around .0085 tomorrow.

REDG - Nice move today and back in play tomorrow. Needs to break above .18c if it does that Based off todays action I would target .21c tomorrow. Must hold support is at .16c

COIN - Nice dragonfly doji today as it reversed strong off the lows to close at the highs. Watch for a pop above .004 tomorrow Could see a move into the .005s tomorrow

 OPTIONS

FAZ - With a couple of the leading backs giving us some very top heavy candles today (JPM GS BAC MS) I think we might see the financials make a pullback in general and although I could short the bank names which would certainly be a good strategy if they do indeed pullback I think playing FAZ calls could get me a better % gain. FAZ March 16 11 strike calls in particular are what Im planning to buy and potentially swing into next week. And it appears that I am not the only one with this idea in mind. Looking at the put to call ratio today. The number of call contracts purchased today far outweigh the number of puts traded today, which is something to take note of especially considering FAZ made new all-time lows today. FYI the stop is 11.03 .

 

CELG - Been a monster ever since it broke that 100-105 channel last week. At this point it looks like CELG is going to make a run above 110. Very strong action today and closed right at the highs.

AAPL - Made a very agressive move today as it bounced back towards that 8ma I mentioned last night. Tomorrow Im looking to get short AAPL again when it gets closer to the 8ma. Last night we were 20$ away from the 8ma and tonight we are only 7$. (8ma right around 438). Looking to short via 430 puts if AAPL struggles with that 8ma line.

 

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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