Sunday, April 3, 2016

Watchlist 4/4/16

Big Picture (SPY)
SPY - 206.92 - Tried to sell off after the jobs number came out Friday and could not.  It rallied and closed at the high of the day.  One thing I noted over the weekend building my watch list is their are a lot of consumer staples at all time highs.  These tend to be defensive names and could be a sign this rally which started at 1810 (currently 2070) may be due for a pull back. 
Support - 206.80 / 206.50 / 205.25 - 205.5
Resistance - 207 / 207.5 / 208
 
Fresh News (Catalyst) - (These get updated the morning of the trading day)
 
EW -Set to open 102.21 - Edwards lifesciences shares rose 14.41% to touch a new 52 week high of $102.88 after the company announced over the weekend results from a clinical study involving patients at intermediate risk of open heart surgery.
Support - 89.50
Resistance - None
Avg Daily Volume - 1.9M
ATR - 1.82
Short Interest  - 2.28%

TSLA - 237.60 - Orders for the New Model 3 Launch hit 10 Billion in first day in a half of the launch.
Support - 235 / 230
Resistance - 245 / 248 / 250
Avg Daily Volume - 5.3M
ATR - 9.95
Short Interest  - 31.29%
 
BABY - 39.64 - Huge gap down pre market to 35 on volume.  Sees Q1 Revenue at $87.5M v Previous Guidance of $91.5M - $92.15M.
Support - 33.5 / 33 / 32
Resistance - 36
Avg Daily Volume - 350,000
ATR - 1.35
Short Interest - 3.91% 
 
SWHC - 27.76 - SWHC downgraded to hold from buy, citing limited sales upside in the near term due to lack of internal inventory. Gapping to $26 pre market.
Support - 25 / 24 / 23
Resistance - 26.25 / 27.50
Avg Daily Volume - 2.6M
ATR - 1.15
Short Interest - 15.07% 
 
Second Day / Technical Plays 

GIS - $64.96 - Traded to a new 52w high on 2x avg daily volume Friday.  Call buying volume surged on Friday in the April 15th expiration options with 7,000 calls being bought v 550 puts.  Over 2,000 of the calls were bought between the 67.50 and 70 strike which means this could have a couple more dollars of upside in the next few days.
Support - 64.75 / 64.20 / 63.75
Resistance -  65.02 and than a clean chart above
Avg Daily Volume - 3.75M - Did 7.5M Friday
ATR - .95
Short Interest - 2.19%

K - $77.86  - Closed at all time high on decent volume.  Would love to see if pull back to $77 on the open and buy there for a long trade.
Support - 77.60 / 77
Resistance - 78 and than clean chart above
Avg Daily Volume - 2.09M
ATR -1.07
Short Interest - 1.37%

HOT 79.38 - These hotels sold off big Friday due to news of the deal falling apart to buy Starwood Hotels.  They definitely will be in play again Monday.
Support - 77.64 - 20MA, 76.50 / 75 - Huge gap below to 71.25
Resistance - 80 / 80.70 / 81.50
Avg Daily Volume - 3.87M - Did 11.8M on Friday
ATR - 1.83
Short Interest - 3.48%
 
MAR - $67.13 - These hotels sold off big Friday due to news of the deal falling apart to buy Starwood Hotels.  They definitely will be in play again Monday.  Currently, it is sitting on its 200MA (just below it).
Support - 66.75 / 66.23 - 50MA
Resistance - 67.75 / 68 / 70.5
Avg Daily Volume - 4.79M - Did 18.1M last Friday
ATR - 1.70
Short Interest - 24.72%
 
 

 

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