Freedom Watchlist 3/30/16

Watchlist 3/30/16

Big Picture (SPY)

Huge up day yesterday and today futures are up 100 pts on /YM and 10 points on /ES.  SPY gap on 206.20.  Resistance $207.50 / $208.50

Fresh News (Catalyst)

LULU - $61.24 - Gapping 5% higher in the pre-market on earnings.  Had same store sales +5%  which is stong for retail.  Guidance of $2.05 to $2.15 moving forward is on low end of range street looking for $2.15.

Support - 63.25 / 61.50

Resistance - 64.99 / 66.50 - 67

Avg Daily Volume - 2.62M

ATR - 1.85

Short Interest - 18.48%

AAPL - $107.68 - Gapping up 1.4% in pre - market.  Cowen & Co. upgraded Apple to "outperform" from "market perform," saying year-over-year comparable sales and forward earnings estimates have bottomed out.  Separately, Apple signed an agreement with Major League Baseball to provide all teams with iPad Pro tablets for their coaching staffs, as teams move to make better use of data.

Support - 111 / 112

Resistance - 109 / 106.80

Avg Daily Volume - 46.12M

ATR - 2.02

Short Interest - .95%

VRX - $28.98 - Gapping up 3% pre market.  The drug maker said it has not seen any additional issues affecting its prior financial statements, following a review of those statements. It's also asked for an extension of time to file its annual report, as well as its report for the current quarter.

Support - 29.65 / 29.25

Resistance - 30.50 / 31.75

Avg Daily Volume - 16.53M

ATR - 6.25

Short Interest - 3.44%

ACAD - $23.81 - Rose 24.07% to $29.54 in pre - market as FDA voted 12-2 its Parkinsons drug treatment reward outweighed its risk,

Support - 27 / 25.50

Resistance - 30.60 / 31

Avg Daily Volume - 2.51M

ATR - 1.89

Short Interest 15.22%

2nd Day Plays

CONN - $11.81 - Reported earnings yesterday and dropped as bad - debt provisions increased 11%. The stock traded down from $15 to $11.81.  Set to open at 11.55 with huge support at 11.50 from the beginning of February.

Support - 11.50 / no other support since 2011

Resistance - 11.80 / 12.50

Avg Daily Volume - 1.00M

ATR - 1.49

Short Interest - 35.38%

Technical Plays

FB - Closing in on all time high at $117.59.  Could be short at that level with potenital move to the 115.90 area.

Support - 115.90 / 115.50

Resistance - 117.59 - All time high

Avg Daily Volume - 35.18M

ATR - 2.67

Short Interest - 1.23%