SS Game Plan 12/15/16

Big Picture 15-Dec-2016

we finally saw some strong selling after the FED catalyst. IWM bottomed about $4 last week's high and is a good bounce candidate on a re-test of yesterday's low. SPY moved $3 from high to low but it was Day 1 of selling so need to be more careful there.

Fresh News

stock	support	resistance	inflexion	notes	trading plan
pir	6.85, 7, 7.50	8.60	8	results seem good. maybe up too much though
athn	105, 107	115, 118, 120		good guidance for 2017. heavily shorted stock
gpor	23, 23.70	24.80-25		issuing shares to buy assets.
lly	68.50, 69	72		raised guidance for next year

Second day plays, Technical setups and Trading ideas

stock	support	resistance	inflexion	notes	trading plan
gm	35, 35.65	36.30	36	strong in morning. sold end of day
fb	119, 119.50	121		establishing new range?