Watchlist 4/7/16

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) - 206.42

SPY - Futures pointed to lower open and we traded there until about mid day just before the FED announcement which was more hawkish than Yellen's comments last week but still no definite timing on rate hike.  Market closed up 100. 
Support - 206 / 205.25
Resistance - 207 / 207.50

 

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

WYNN - Popped pre - market up 5%.  shares popped in extended trading after the leisure and gaming company announced preliminary financial statements for the first fiscal quarter.

 

Second Day / Technical Plays 

TSLA - 265.42 - Orders for the New Model 3 Launch hit 10 Billion in first day in a half of the launch.  Stock has shot from 220 to 265 in the last week.  Sitting on pretty decent resistance.  If we get above here 280 is next resistance.

Support - 260 / 265

Resistance - 270 / 280

Avg Daily Volume - 5.3M

ATR - 9.95

Short Interest  - 31.29%

SRPT - 23.30 - Stock jumped 20% yesterday on upgrade from Oppenheimer.

Support - 22

Resistance - 25

Avg Daily Volume - 2.24M

ATR - 1.61

Short Interest - 35.17%

MOMO - 16.09 - Huge move on huge volume over 15M shares. 

Support - 16 / 15.80 / 15.50

Resistance - 16.50

Avg Daily Volume - 1.51M

ATR - .98

Short Interest - 60.01%

AGN - 244.74 - Huge sell off as deal with PFE fell apart.  Announced in post market both sides would walk away from the deal. Bounced yesterday right into resistance.  Could set up another potential short.
Support - 243 / 244
Resistance - 245
Avg Daily Volume - 3.56M
ATR - 10.35
Short Interest - 1.47%