Watchlist 3/31/16

Watchlist 3/31/16

Big Picture (SPY)

SPY had some follow through on the day previous rally and got up to a new two month high before closing well off the highs at 206.02.  Support is the breakout spot of the last 2 weeks at 205.25.  Resistance is 206.87.  We have the jobs report Friday which could keep the market inside those ranges tomorrow.

Fresh News (Catalyst)

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Second Day Plays

LULU - 67.80  Earnings yesterday.  Did 5x avg volume and closed near high of day.  Definitely in play again today.

Support - 67.60 - 67.70 / 67.10 / 65.75

Resistance -  68 / 68.50

Avg Daily Volume - 2.62M

ATR - 2.08

Short Interest - 18.48%

SQ - 15.02  - Closed at all time high on good volume.  Support 14.75 / 14 - 14.15.  Resistance 15.13 and than a clean chart.

Support - 14.75 / 14 - 14.15

Resistance - 15.13 

Avg Daily Volume - 2.14M

ATR - .85

Short Interest - 46.24%

RCL  - There were (3) Cruise Stocks on my high volume % gainers scan today.  CCL and NCLH also where on the scanner so there is big activity happening here.  RCL reporting above consensus earnings and moved up the low end of the full year target.

Support - 80 / 79.60 / 79/30

Resistance - 82 / 84.5 - 85

Avg Daily Volume - 3.76M

ATR - 2.53

Short Interest - 7.44%

Technical Plays

AMZN - $598.69 - Ran to a multi week high today and gave up a lot of its gain.  Support is 598.15 / 597.10 / 596.  Resistance is 599 / 600 / 603.23

Support - 598.15 / 597.10 / 596

Resistance - 599 / 600 / 603.23 / 607 / 624.5

Avg Daily Volume - 5.67M

ATR - 16.84

Short Interest - 1.76%

MCD - 125.83 - Had base breakout today and closed high of day.  Share float is almost 1B pretty high probability we trade back down to the breakout spot of 124.75 - 125.  If we get above 126.10 resistance definitely a long.

Support - 125 / 124.75

Resistance - 126.10 / Clean chart at all time high

Avg Daily Volume - 7.51M

ATR - 1.58

Short Interest - 1.66%

PEP - $102.69 - 52w high on decent volume