Sunday, September 23, 2012

Watchlist for Sept 24

The market digested last week, and I feel like the consolidation was quite bullish. As long as we hold the ~144 level on the SPY, I'm still leaning long.. In fact, dips to the 20d MA would be good opportunities to get long. And the environment these days is more condusive to holding stocks for swings, ie a few days at least. Breakouts are working, and I've been seeing more follow-through, so that's a good bullish sign!



Here's a few stocks I'm watching tomorrow and perhaps this week:

Long: SINA, MCP, SSH, OTT, SVU, ZNGA, ARNA, ODP, GENE, ROSG, STEI, UBNT, EDU, EGLE, SYNC, RSH, MTG

Shorts and parabolic shorts: MACK, PPHM, CDE, GSS, AMPE, IEC, HALO, STI, OMX, IMH, MNST

Bounce: DDD, IHS, XPO, HEES

I'm already long a little ZNGA, SVU, JAG and RSH for swings.

Sunday, September 16, 2012

Game plan for the week of Sept 17-21

Last week was really bullish, and the announcement of more QE from the FED means we're likely going to continue this bull market for several more months.  However, we are slightly extended here on the major indices, being above the upper BB, so I would be expecting a small pullback or at least sideways consolidation. But any pullbacks should be viewed as opportunities to get long in my opinion.

Here's a daily chart of the SPY:



And here's some stocks I'll be watching this week:

Long: TSYS, APKT, PZZI, GMCR, YELP, TTMI, CHK, PACW, MVIS, HDY

Short: CNC, REED, VIRC, CUR, FBN, BIOF, OMX, HNI


Monday, September 3, 2012

Watchlist for the week of Sept 4-7, 2012

I've had family visiting for all of August, so been away from trading for about a month now, ut now I'm back and ready to trade again!

During the first half of August, the market trended higher, but the SPY was firmly rejected at the 143 level.  And now we have been consolidating near the top of the recent highs for about two weeks. We're still in the ascending channel that you can see in my SPY chart below, and this has been my guide all summer. We've moved away from the top of the channel, and we seem to be setting up to break higher. A move above 142 would be very bullish in my opinion. Keep an eye on that mini-triangle forming on the daily chart below. The bollinger bands are tightening, so I think a big move is coming soon.









 

There are tons of bullish looking setups out there, so many in fact, that I couldn't condense my list as short as I wanted! Here are a few ideas for the week ahead:
 
Long: SINA, LNG, CYOU, YNDX, LSI, MPEL, LVS, LNKD, CREE, AZC, NAK, APKT, MEOH, DECK, LULU, TIF, ES, TTWO, AIR, MPG, DSCO
 
Parabolic shorts: NTE, RPRX, SRPT, STEM, GERN, IMH, ZLC
Shorts: VVUS