Watchlist for 7-13-17

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.

 

HK: was on my scanner as a potential double bottom long last night. well, cool. Some overhead res, chart is way thick. looking for a push to the 200 sma to short from.

HK:

Been on my radar and my main trade now for a few days. Thought it would get the 200 sma test and rejection but it is running out of life. needs more bs fluff news to push. Short setting up nice

B- set up.  I won’t go into why till this play is over with.

VSTM: way over blown for the news. Still on my list. pushed pretty nice today on useless CFO news. she must has the magic mouth or something. sucking up bulls like crazy. Shorts incoming next lol but who knows market is crazy and might see lots more push.

Volume: 5 mill

Float: unknown on fin viz….

Income: -41 mill. POS

Sales: Start up garbage that belongs on the pinks

Insider/ Institutionally owned: 1%ish and 28%ish

Catalyst: Some crazy new CFO guess she is gonna make the non income startup burn less cash

B Grade Setup. float is missing, cash burn is sick no one from the inside wants any shares.. yeah short short short

 

Seeing some pretty decent bounce on this one. Institutional ownership is so high it might be them buying the dip for some unknown reason but they are failed at products and getting sued like crazy should be in the low 4 to high 3’s but hey this bull market is nuts.

OCUL:  Shorted the other day after the halt and before it. Waiting for it to peak out and short again. company is dog shit

Volume: 11 mill waaaay higher than usual. thick with shorts

Float: 25 mill

Income: -49 mill. POS

Sales: 1.9 mil

Insider/ Institutionally owned: 32%ish and 63%ish

Catalyst: non stop law suits from the 12 pull back from misrep to shareholders. and now the NDA rejected by the FDA to even accept the solution to the issue.

C Grade Setup: Only a C and not an A due to the whole amount of float being owned by them.

 

Noteable Mentions:

SHLO: https://finance.yahoo.com/news/shiloh-industries-inc-announces-common-200100427.html

 

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