Monday, December 19, 2016

SS Game Plan 12/15/16


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.

stocksupportresistanceinflexionnotestrading plan
pir6.85, 7, 7.508.608results seem good. maybe up too much though
athn105, 107115, 118, 120good guidance for 2017. heavily shorted stock
gpor23, 23.7024.80-25issuing shares to buy assets.
lly68.50, 6972raised guidance for next year

stocksupportresistanceinflexionnotestrading plan
gm35, 35.6536.3036strong in morning. sold end of day
fb119, 119.50121establishing new range?
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SS Game Plan 12/14/16


SPY made new all time high yesterday overshooting our target by a little bit. IWM has now settled into a range after pulling back Mon/Tues intra-day. FED announcement to raise rates at 2PM could cause some volatility. In the past few years several times we have seen a FED day establish a short term top in market. Especially after a strong run up.

stocksupportresistanceinflexionnotestrading plan
vcel3.5, 4drug that repairs knee cartilage approved
cpe16.35, 16.5017price large 2ndy to fund acquisition
gm35.65, 3637china penalizing for price fixing


stocksupportresistanceinflexionnotestrading plan
akao13.5, 1414.75-15, 15.50, 16very strong again.
aapl115.65-115.80touched post earnings high
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SS Game Plan 12/13/16


we finally got a pull back in IWM with SPY still consolidating just below ATH. the gap in oil was sold down to the 52 area. gapping higher this morning.

stocksupportresistanceinflexionnotestrading plan
inovnone10lowered EPS 30%
elgx67.3, 7.8european suspension of product
ari16.65, 1717.1417.142ndy

stocksupportresistanceinflexionnotestrading plan
AKAO13??2ndy filed. a few raised price targets.
alxn111-112116, 120sold on open then bounced afternoon.
avgo176.50-177.50180180 sold again. still holding earnings gap
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SS Game Plan 12/12/16


market continues to make new all time highs. Important to remember although we are due for a pull back DON'T expect a large market reversal without a very strong fundamental catalyst... oil which we have discussed several times past few months has broken above June high and now set to head to 58-60 area.

stocksupportresistanceinflexionnotestrading plan
akao67.50, 8positive phase III results
alxn111-112119-120115CEO/CFO out. former AZN in as CEO
cni65, 66.80, 67.3068.25, 69investigation revealed fraud.
lmt250, 253260trump tweet on F-35

stocksupportresistanceinflexionnotestrading plan
avgo177-177.50179, 180held most of gap but was sold intra-day
fnsr32.60, 3333.80-34sold aggressively on open & closed negative
rh31, 31.5032, 32.40bought on Open but sold rest of day
lvs54.60, 55.3057.30, 58sold all day but made higher low than prior...
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SS Game Plan 12/9/16


markets made new all time highs yesterday. extremely overbought. would expect to see a 1% pull back in next few days. FED meeting on wednesday.

stocksupportresistanceinflexionnotestrading plan
avgo175, 177nonesolid earnings. doubles dividend! new ATH
fnsr35, 35.40, 36nonecrushed EPS w/ good margins.
lvs56, 5759.30, 60HK ATM story not true. 10K Yuan daily limit remains
rh30, 3234.7-35lowered Q4 guidance.

stocksupportresistanceinflexionnotestrading plan
hznp14, 14.3015.60, 1615closed weak right at 15 support.
lulu67, 68.8070sold on open then tight range rest of day
aal46.5049, 50straight up from 35 to 49
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SS Game Plan 12/8/16


market continues to make new all time highs almost on a daily basis. draghi speaking this morning has created some volatility in treasuries and EURUSD.

stocksupportresistanceinflexionnotestrading plan
hznp15, 15.6, 1617.50, 18poor phase III results
vrnt31.5-32, 33.70-3435.30-35.80missed EPS by a lot. guided down
lulu66, 6770, 70.6069beat EPS on very good margins

stocksupportresistanceinflexionnotestrading plan
wdc68.50-68.7569.5, 70very strong.
uhs110, 111, 112115, 116, 117.50very weak but seems overdone.
play56, 56.5057.20-57.30very strong
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SS Game Plan 12/7/16


small caps continue to out perform making new all time high. oil stalled out between 51-52. same as earlier this year.

stocksupportresistanceinflexionnotestrading plan
play50nonehige beat on EPS. slight beat on Rev.
wdc64.50-6567.85-68, 70raised guidance over 10%
blue7578762ndy at 76

stocksupportresistanceinflexionnotestrading plan
txmd6.8, 77.30, 7.50sold in morning. grind higher in afternoon.
teva34.80, 3535.60, 36.5sold off morning. range rest of day.
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