Watchlist for 7-11-17

Kinda taking the summer off, but it is hard to stay away!!

I always have a plan for long or short on any chart I am looking at. – KEEP IN MIND I AM A NOVICE- do your own due diligence. I am always studying new things to give me a little more edge over the next trader.

I am not trying to call price targets or trends, I just look at charts that have range to play or are at break down or break out levels. But each day is new on the market and a trend can change and break your chart so be prepared for that, long, short and sideways.

Do your own DD and have a plan for each morning, long or short and be aware of the market you are in, bear market, bull market, how is the VIX  today? the SPY? is the ticker you are planning to play in the hot sector, cold sector? What is the most recent catalyst? How is the volume? Is there enough average shares traded daily to get in and out with ease? 1 milion average volume is about the minimum.

The day before was the ticker barely holding up, did the stock close strong? was the strong close just shorts covering or is it organic want and desire from true longs who are now bag holder to defend this price point and zone? Are you playing a breakout play, a wash out then buy the bottom? LOD bounce and long? Resistance deflection and shorting the pull back, ETC ETC? Know your patterns that you like to play and what kind of stock – in which sectors – and the catalyst that drive price imbalances on them to get the best edge for you skill set.  -Trade Safe-

Cash is also a position and the safest position to be in. When it doubt-pull out-reassess and re enter the proper hole/set-up =P

 

My watchlist will probably look like everyone else’s tonight.  I usually like to chart the not obvious plays but sometimes they are too hot not to play lol.

 

 

AGEN: interesting bull flag off some bad news, cleared all over head res but i will watch this for some pull back at the 5 area and a little over. If it keeps marching with strength i would long a pull back level that holds maybe in the lower 4’s

 

Volume: fair

Float:  52 mill

Income: -112 mill

Sales: 392 mill

Insider/ Institutionally owned: 73ish%     le sigh!

Catalyst: recent news buncha recent everyday useless fluff bs stuff. and T/A chart bull flag coupled with old RES areas being pushed past

Grade: C+ setup because the ownership %

 

GOL: This has my attention for a long first based off todays intraday steady climb and I am curious if it will push up to close that window. Watching this close to see if volume comes in to ramp this up or if it runs out of gas at around 16 ish. back burner idea i am watching

 

Volume: just in that zone of almost not interested in it at all except for an early watch for a surge of new buyers and volume

Float: 10 really nice for this idea being a long

Income: really decent 93 mil

Sales: 3ish billion

Insider/ Institutionally owned: almost 13% but insider owned 64% i like. feels like they are trying to turn this around

Catalyst: news about bullish earning and some other so so stuff. but by a respectable news outlet not bs fucking Zacks.

A Grade Setup waiting to see where retail wants to take this. Looking for that little overhead gap to fill in. Decent company. rare for me to be positive about a company but this is up in the space of decent PPS and decent shares OS with positive earnings so what can i say. decent little midway place

 

AVEO: Everyone is watching this and it is still got some guts in it. Waiting for it to shake out the early shorts and get a reversal in. might be days to come but it is worth the wait.

 

Volume: 23 mill, out of control for now. waiting for it to simmer down and the moon boot chasers to come back to reality.

Float: 100 mill YES. fuck you AVEO

Income: HA! income what income. losers. -28 mill

Sales: 3.8 million hahah

Insider/ Institutionally owned: Tutes 52%ish insider meh. not much

Catalyst: news from Zacks – yes please, add more longs to get that push up to over 3.74 area and then on to 5 to make a great short.

A- Grade Setup just waiting for reality to kick in at an overhead res spot on the chart or to try and make some moronic new high it can’t sustain.

 

ENRJ: notable mention and worth watching for a few days or weeks to see what it does with this little side ways coil up.

this is just some off the bottom wanna be play that could be, but could take forever to make a move or never make much of a move. worth keeping on a back burner to peek at the intraday a few times a day and see what is happening to it.

 

 

CLNE: I like this one for a possible long if i could get it to pull back and hold a higher low. so much over head res. wanna see what it does at the 2.60 taps and then see if it can make a move up to the 200 sma. 2.30’s would be my entry/stop out.

 

Volume: 1.4 mill

Float: 134 mill, really it is too high

Income: 46 mill. respectable

Sales: 396 mill

Insider/ Institutionally owned: 10%ish and 37%ish

Catalyst: Sector it is in is doing decent right now and some semi useless fluff kinda write up aka clean energy work looking at etc etc

B Grade Setup. float too large for my liking but they do have earnings ands insider/tute ownership. watch this for a week or two and see what it does.

 

 

noteable mentions:

CETV: low ass volume but it had issues at 4.56 overhead res.

XCRA: tight, low volume but just really wants to push up and over. back burner watch list. just can’t seem to find the guts to push through.

BASI: higher lows and tightening up, but idk just lacks volume and guts to really get it up and over and no real catalyst right now.

YUMA: please give me 3’s to look at a short to start into!!! please stock gods. lol 3’s before a reversal lol!!

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