Watchlist for the week of March 26-30

The indices are still all in a uptrend. There is no reason to be short, at least not yet... Watch that ascending trendline for a break or for a trend change.

Here are a few stocks that I'm watching for the week:

Long: SIMG, AMED, TA, AVID, ZUMZ, PAY, MX, VVTV, VVUS, GIL, CYOU, SFLY, NLST, LEAP (could also be a short depending which way the break happens)

Also, these might be interesting: THQI, ALSK, IVAN

 

Watchlist for the week of Feb 6-10

The market is in an uptrend, there's no arguing about it. How long will it last? Who knows... But for now, the best r/r is to the long side. Biotech and shippers are doing very well these days. Here's a  few stocks I'm watching for the week, in no particular order:

Long: BIOF, TNK, CCIH,  PWAV, TWER, CCJ, EGHT, ROYL, VVTV, DMND, FCX, VMED, MTG, SOL, HSOL, WRES, GTIV, VIT, STAA

Good luck this week!

Watchlist for the week of Jan 30 to Feb 3

Hey! This is going to be a short post again, I have family in town visiting, so it's been busy! Anyway, here it is:
Long setups: VISN, BIOF, CDTI, XTEX, CPLP, BPAX, AONE, CCIH, ATHN, ANW, KV/A
Short setups: PEIX, SIMO, SPRD, MBI, BGS, FTK, CHTP

Good luck this week!

Watchlist for the week of Jan 16-20

This is going to be a short post, I'm too busy these days...  I'm not expecting much in the markets this week, maybed we stay in a range from 127-130.

Long setups for the week: ASIA, DVR, STAA, DEXO, MNI, CLDX, ZOLT, MPG, KKD, VDSI, ELN, REDF, SVNT.

Parabolic shorts: I'm watching a bunch of these bios REGN, IDIX, BVSN, ACHN, SNTS

Good luck!

The week ahead Jan 8-12

The scenario I posted 2 weeks ago played out very nicely, and now we are forming a tight range in the S&P and DJ. These two indices broke out of the triangle ranges they had been forming in the last 3 months, and now seem to be flagging on the daily. The Russell is still in the triangle consolidation (slightly lagging the other indices) and the Nasdaq has yet to reach the top of the range from 2 months ago.

A small time correction here would be great, so I'm expecting more choppiness in a tight range, and then a move higher from here. Since last week, Europe doesn't sem to matter anymore... The ATR of the indices has been dropping and overall volatility as well. This to me signals a possible beginning of a trend! Or, it could also be the calm before the storm... we'll have to see.

Here's a few stocks I'm watching this week:
Long: OVTI, AAWW, AVID, EGLE, TLB, FWLT, OXY, GNW, MTOR, PWER, CADX, AXTI, ARAY, MY, QTWW, FFN
Short: QCOR, WLT, SINA, CTRP
Possible parabolic shorts: LCAV, REE, ZGNX, BDCO, MON

Read for the week of Dec 19-23

Last week the 200d MA proved to be too much resistance and we fell back into a melee of moving averages. The daily chart of the SPY is forming a triangle consolidation, which is very positive in my opinion. Price is consolidating, the daily ATR is decreasing, and volatility has also been decreasing. It seems to me that a breakout or breakdown of this triangle consolidation could lead to a possible trending environment! I don't want to get excited too early, so just watch that triangle! A great r/r trade can be taken at either of those trendlines. I'm looking ~120 this week to possibly get long for a test of the upper trendline.

On the 15 min chart, wait for a break of this descending channel or wedge for a move to the upside. Alternatively, one can play the trendline bounces. Notice that we're forming a mini-bear flag, so a breakdown of this (level ~121.40) would signal more downside for now.

Also, check out the sentiment chart on Laser Trader's blog; the similarity with the SPY chart is uncanny!
http://lasertrader.wordpress.com/2011/12/18/are-we-ready-to-return-to-the-highs-justin-mamis-sentiment-cycle-may-think-so/

cI found a lot of pretty good setups, which has been a warning sign for me lately, so just be careful out there. A lot of breakouts are failing, so I have been trying to buy in anticipation of a b/o, and if the b/o fails, then I get out around breakeven... Here's a few stocks I'm watching this week:

Long: BANR, FSII, KFN, SKH, LDK, RAS, MENT, SUNH, SNTA, OCZ, CTCT, AUDC, TRGT, GTIV, CX, AVID.

Short: ECPG, GMCR, CVGI, STI

Bounce: I'll be watching gold and gold miners for a possible relief bounce this week... check out NUGT a 3x ETF for Gold miners. Also watching these for potential bounces: MELA, ITMN, LRN, SGI, LPS.

Read for the week of Dec 12-16

It's pretty simple this week: we're still stuck in the same box that I had drawn last week... That is, we're stuck there until we breakout of it, one way or another! I'm thinking we're likely to breakout to the upside, because it seems like all the moving averages are lining up underneath price and starting to turn up. The only thing stopping us it the 200d, so we really have to get above the 200d and hold it.

There is a move coming in GLD and SLV, so keep an eye on those two this week. I feel like it will be a significant move, and it will pay to be on the right side of the break for a swing... I'll be watching those closely: my intuition is telling me there will be a break down. The only thing not supporting this hypothesis, is that the indices look poised to break out, and recently the correlation of the market vs gold has been positive. This is the opposite of what happened in Aug, where the correlation was negative (ie when the market went lower, gold went up). So if the correlation stays positive, then gold and the market should breakout in the same direction... We'll have to see what happens.

Other than that, I'm seeing a lot of great setups, and I went long a bunch of stuff on friday, in small sizes... I'm long some ZINC, GTIV, COOL, TQNT, GMXR, SANM, I think, and still short INHX, MBI, NLST.  Here's a few charts that look good on the long side: AKS, GTIV, STP, TQNT, MERC, BZH, BZ, OCZ, CTCT, HPQ, UCTT, HCBK, CVGI, NTSP

And here's a few that look good on the short side: CF, TIF, WYNN, ZAGG