Watchlist 4/6/16

Daily Process Goal 1 - Using SMB radar find stocks in play and make #1 priority to trade.

Daily Process Goal 2 - Risk Management - Sizing - Work on adding 1/4 size for each trade each week so you can double size by end of month.

Big Picture (SPY) - 204.19

SPY - Big sell off yesterday closing below key level of 205.25.  Fed will release meeting notes today.  Could move the market late in the day.  Resistance 205 / 205.25 Support 204

 

Fresh News (Catalyst) - (These get updated the morning of the trading day)

 

CREE - 23.66 - Reported earnings after market close and traded down 20% from 29.09 to 23.60.  Missed revenue and EPS and lowered Q3 earnings for EPS and revenue by 30%.

Support - 22

Resistance - 24

Avg Daily Volume - 1.37M

ATR - .82

Short Interest  - 11.73%

MOMO - 14.18 - Huge gap in pre market 18% on volume.  Cant find any real catalyst in the news however this stock been strong for awhile.

Support - 14
Resistance - 14.25 (PM high)
Avg Daily Volume - 1.51M
ATR - .82
Short Interest - 60.01%

 

Second Day / Technical Plays 

TSLA - 255.47 - Orders for the New Model 3 Launch hit 10 Billion in first day in a half of the launch.

Support - 250

Resistance - 260

Avg Daily Volume - 5.3M

ATR - 9.95

Short Interest  - 31.29%

BABY - 29.68 - Huge gap down pre market to 35 on volume.  Sees Q1 Revenue at $87.5M v Previous Guidance of $91.5M - $92.15M.

Support - 29.60

Resistance - 30

Avg Daily Volume - 350,000

ATR - 1.89

Short Interest - 3.91%

FSLR - 62.42 - Sold off huge yesterday as SUNE announced bankruptcy.

Support - 62 / 60

Resistance - 63.50

Avg Daily Volume - 2.34M

ATR - 2.30

Short Interest - 8.30%

AGN - 236.55 - Huge sell off as deal with PFE fell apart.  Announced in post market both sides would walk away from the deal.  Traded over 36M shares - Normally trades 3.0M.
Support - 235 / 230
Resistance - 240
Avg Daily Volume - 3.0M
ATR - 10.42
Short Interest - 1.47%