Monday, April 17, 2017

Watchlist for Monday, April 17th 2017

With pretty much all of the major indexes breaking and closing below support last Thursday and breadth indicators such at the McClellan Oscillator and $VIX far from indicating over sold levels; I am leaning bearish tomorrow unless we get a huge gap down in the markets in which case I'll be looking for a bounce.


Will be eyeing $CALI for continued push up to the $3.75-$4.00 level.

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Will be looking to short this if it can morning spike up to the $24 area then set-up some sort of intra-day reversal pattern.

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Eyeing $ESPR for a long trade over $40.00. Has the potential to run to $42.00-$42.50 area.

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Idea in $CNAT almost identical to that of $AXON. I will be looking for a short if it spikes up to resistance + whole number $8.00 and then forms an intra-day reversal pattern.

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Will be eyeing $WTW above previous day's high for a possible push to $18.00

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Looking for this stock to bounce around the $42.00 support level after a nasty sell-off in the past week.

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Oil stocks have been very weak in the recent weeks. This is one is flagging above support at $17.50; will be looking for a short if this level cracks.

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Might need a few more days before this set-up plays out. None the less, I'll be eyeing this stock for one of two long plays. Either the break of $31.00 or a pull back and bounce off support at $29.50.

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