Thursday, April 7, 2016

Watchlist 4/8/16


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) - 203.95
Market sold off all day accelerating mid day and then coming back a bit into the close.  Gapping open right into 205 area.
Support - 203
Resistance - 205.25
Fresh News (Catalyst) - (These get updated the morning of the trading day).

DEPO - 15.00 - Gapping up pre market 15% to the 17.50 area.  There is resistance sitting right at 18.
Support - 16
Resistance - 18 / 19.75
Avg Daily Vol - 1.9M - Already traded that Pre Market
ATR - .88
Short Interest - 21.70% 

GPS - 27.70 - Gapping down 10% pre market to 25.60.
Support - 25
Resistance - 27.70
Avg Daily Volume - 6.2M 
ATR - .76
Short Interest - 15.24%

JACK - 64.50 - Gapping up 5% to 67.40 pre market.
Support -
Resistance -
Avg Daily Volume - 1.0M
ATR - 1.62
Short Interest - 9.38%
Second Day / Technical Plays 
RLYP - 24.32 - Huge move +67.37% on huge volume 21.3M yesterday on news of it fielding potential takeover offers.
Support -
Resistance -
Avg Daily Volume - 2.15M
ATR - 1.79
Short Interest - 32.91%
WYNN - 99.99 - Huge move on news on financial personal for Q1.
Support
Resistance
Avg Daily Volume - 4.46M
ATR - 4.41
Short Interest - 17.64%

TSLA - 257.20 - Orders for the New Model 3 Launch hit over 325,000.
Support - 255
Resistance - 270
Avg Daily Volume - 5.3M
ATR - 9.95
Short Interest  - 31.29%

MOMO - 16.31 - Huge move on huge volume over 15M shares 3 days ago. Continues to be in play. 
Support - 16
Resistance - 16.50
Avg Daily Volume - 1.51M
ATR - .98
Short Interest - 60.01%

AGN - 241 - 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 - 237.25 / 240
Resistance - 245 / 246.75 / 247
Avg Daily Volume - 3.56M
ATR - 10.35
Short Interest - 1.47%

No comments:

Post a Comment