Watchlist 5/10/16

Big Picture 10-May-2016

market gapping higher but well off overnight highs. world markets adding to gyrations. 207-207.50 should provide supply. a close above that area then likelihood of friday low re-test low.

Fresh News

stock	support	resistance	inflexion	notes	trading plan
akrx	23	24.80-25, 26		filed their 10K. similar setup to VRX couple of weeks ago
scty	17.50-18	19, 19.50, 20		expenses killing #s. most analysts jumping ship
gps	none	19.50, 20		lowered next Q guidance by over 30%
ll	11	12.30-12.75		missed lowered guidance. #s weren't that bad.

Second day plays, Technical setups and Trading ideas

stock	support	resistance	inflexion	notes	trading plan
lc	none	4.80, 5		quiet all day until collapse at EOD
hznp	15-15.25	16		strong on open. then sideways...
vrx	26-26.50, 27	29, 30		weak all day. getting close to major support.
teva	52-52.1	53, 53.50		accumulated all day