Watchlist for the week of Feb 4-8

I appologize for not posting lately, I have just been lazy since the holidays! Anyway, the market has basically been grinding higher since mid-December, and we've had an amazing run in January! It's kinda hard to tell where we're going from here, but from the weekly chart below, I can see the SPY moving higher to the 155-160 area. We might have small pauses along the way, but the market is really strong so I don't see any reasons why we wouldn't push up to 155 at least. On the daily timeframe the SPY is slightly overbought, but not on the weekly timeframe, so there is more room to go higher. And RSI on the weekly has been doing a great job with timing the major rotations in the market, so until that stops working, I would keep an eye on that for your general market trend.

 

 

It might be a bit late to go all-in long here if you haven't participated in this rally yet, as the market has already made a big move, but I think if you play a few good setups, and have tight stops, there will still be some opportunities on the long side.

 

One of the stocks I'm watching is ESI, that is forming a bull flag on the daily chart, and looks ready to break above the 50d MA for the first time in almost 1 year. Every time it tried previously, it failed, so it needs to hold above this time and we might see a powerful move. I'm long 1/2 size and will add if it can break and hold above the 50d MA.

 

 

 

 

Here are some more ideas for the week:

 

Long: DISH, PKD, OCN, MOV, ADBE, NAV, TECUA, ZNGA, IQNT, ARO, CRNT, IMUC, ACTV

 

Short: FSLR, RPRX, EGHT, BKS

 

Parabolic: MGAM, UIS, BLRX, AGO, TA (could also be a long), GTN (could also be a long), KERX (on bounces),

 

Red to green: OTT, EDAP, CCUR

 

Bounce: RIMM, HALO, CLSN,

 

Good luck this week!

 

 

 





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!

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!

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.

Watchlist for the week of Nov 19-23, 2012

So last week the market fell pretty hard and we dropped to the 61.8% Fib. This was a little more than I anticipated, but we did form a slight divergence on the RSI which I was watching. Is this the bottom? I don't know, but it sure feels like it might be. The strong buying during the second half of friday tells me we're in for at least a decent bounce.

I shorted some 3x ETFs on thursday and friday (the SOXS, TZA, SQQQ), and I plan to hold onto these for a while in my swing portfolio. Typically december and january are good months for the market, so I'm hoping this trend continues.

 It's going to be a short week because of thanksgiving, but I suspect we'll bounce to ~138 in the SPY, which around the 50% Fib level, as well as the 200d MA. After that, we'll have to re-evaluate and see where the market might be headed.

There were a lot of hammers that were put in on friday, so I picked some of these charts and will be looking for continuation. The best hammers are those that happen on high volume, in combination with price support and even better if they bounce off a moving average.

Long (flags or consolidations): SRPT, HGT, FMCN, NFLX, LEAP, GGC, GPRE, TEAR, WCRX, CNC, TRMB, GEOY, AVG, TSLA, FRO, ARMH
Long (hammers): FSLR, CNX, ATRS, CRUS, STEI, JCOM, HRS, SIG, ULTI, DDD
Oversold bounce: WIN, ATR, JCP, MCP, ESI, CPE, MBI, ERF, SKUL, BTH, PBI
Shorts: ROSG, JAH, MIC
Parabolic shorts: NVGN, MEIP, STV, CYBX, SGYP (not parabolic, but coming into MA resistance)

Good luck this week!

Watchlist for the week of Nov 13-16

The market made it down to my target and I grabbed some 3x long ETFs on friday for a bounce trade. I deceided to take my profits by friday afternoon as I just wasn't feeling confident the market would bounce for more than a day... I'll be looking to get back long in the next few days or couple of weeks, but I'll be waiting for the scenario outlined below. Ideally, we get a lower low with some type divergence on the indicators, RSI, MACD or stochastics, as you can see in the chart below. A double bottom would work just as well, as long as there is also a divergence formed... That would be my ideal scenario, but we'll have to see what the market has in mind.

Watchlist for the week of Nov 5-9

Well, the market briefly bounced last week, but on fridayit got rejected at the 50d MA and we ended the day with a big bearish engulfing candle. This bodes well for more downside, and I'm still looking for the target of ~138 on the SPY and my chart from last week basically hasn't changed much. I will likely be playing more short setups this week, but we'll have to see what happens. The presidential elections will likely have an impact on the market, so it will likely be an interesting week. See the chart below:

Here are a few setups I'll be watching this week:

Long: SVU, TASR, OSTK, MTB, MTG, CTRP, SRPT, LPHI, SANM

Red/green: SLCA, ANTH, AZC, XIDE, STP

Bounce: NUVA, CRUS, ZUMZ, VVUS, ALXN

Short: XNPT, REGN, OCN, ZLC, ALNY, SMBL, SMCI,  DVAX, BVSN

Parabolic short: ENZ, ALC, BGFV, CARB, ACCO, VAR, IMH, PBH, HNSN


Drop me a line if you want more information on how to play these setups and good luck this week!