Sunday, December 16, 2012

Watchlist for the week of December 17-21

We had a small pullback this week, which was well-needed in my opinion. On the daily chart of the SPY we're forming a triangle consolidation withing a larger pattern. I expect the market to find support around the lows of friday, or perhaps a tad lower near the 141 area, which coincides with the 20d MA. Volume is likely going to be lower until the new year, which is often good for small caps or stocks with high short ratios.




Here are some stocks I'm watching for the week:


Long: CTXS, SMBL, GPRE, EXPR, DNDN, RVBD, BAC, SLXP, CLMT, FXEN, CPHD, AMD

In play: SWHC, ARIA

Bounce: DKS, ARIA, AVD, TEVA, OPTR, ALLT, SWKS

Short: BEN, CALL, FB, USB, CHK, CALI, NAK

Parabolic short: NED, QUAD, NEON, RKUS, ICPT, TSL, STXS


Good luck this week!

Sunday, December 9, 2012

Watchlist for the week of Dec 10-15

Last week we printed a bunch of dojis in a row, marking some indecision in the market. On the SPY daily chart, we're consolidating in a flag, or ascending triangle. All the moving averages, except for the 50d MA are curving up, and it seems like we might try to make a run to the highs by the end of the year. Typically December is a good month for equities, especially small caps which usually run wild into the end of the year! The only thing that concerns me is that we are slightly overbought, particularly on the Russell and the QQQs are weak in comparison to the other indices. I'm positioned slightly long, but I would get concerned if we broke below the 50d again though and even more if we breakdown from this triangle consolidation...



Here are some stocks I'm watching for the week:

Long: MNST, SMBL, GPRE, CNC, KLAC, LULU, HUN, FST, SIG, IDIX, MCP, Z, COV, BTH, AMD, CYBX

Red/green: HUM, MHP

In play: GMCR, SWHC, GRPN, FB

Bounce: FCX, LFVN

Short: HES, TOL, LEN, JOBS, NOV, OSTK, ZLC, CALL, SINA, PCYC

Parabolic short: CBMX, MHP, SD, GTIM, UNXL, GNW, BEAM, MU, RKUS


Send me a tweet if you want more info on how I play these setups @cath_campbell
Good luck this week!

Saturday, December 1, 2012

Watchlist for the week of Dec 3-7

Last week was pretty interesting with that huge reversal on wednesday and a strong close. Since then we've had 2 doji days and it seems like the market is just coiling before going higher. I would expect a few days of consolidation, but if we can get above that ~142.50 clear level of resistance, we could run back up to the highs of the year. And december is typically a good month, with lots of small caps making big runs.



Here's a list of stocks I'll be watching this week. I've added a few thin, small cap names since they can typically run during the month of december. If you want, you can copy an entire line of symbols here and paste them in Finviz, which allows you to see all the charts at once, like this.

Long: SMBL, GPRE, CNC, JOBS, MNST, FSLR, LNKD, SNTA, ADNC, VVUS, TEX, AUMN, MBI, ESI, PGH, AVID, OSUR

Short: GNRC, PCYC, HIBB, BKS

Parabolic short: SGYP, PPHM, CARV, EXPR, ANAD, JRCC (not officially a parabolic, but similar idea)


Below I marked up a couple of charts for examples of how to play these setups:

 SMBL: Nice flag on the daily, and near long-term resistance. Long above 12.50 or so, with first target at around 13, and a stop below 12.09



VVUS: Nice triangle consolidation, seems to have put in a bottom. Long above 11.60 or so, target to ~14.00 and stop just below 11.



GNRC: It's hovering on the edge of that gap area. Short below 32.4, first target around 30, then perhaps 28.70, with a stop above friday's hod ~33.