Live Charts

When reviewing this watch list in retrospect, please be alerted that the charts herein are live and do not represent the state they had when we initially posted this watch list.

AMD

AMD

Nice reversal off that $10.00 mark on the daily chart after the big drop on the earnings miss followed by today’s big rally on an alleged Intel licensing deal ending with a power close. Our plan is to enter a short position on a gap up met by a push and fail for a red move.

NVDA

NVDA

NVDA prevented a major correction day by taking on the red/green line as support. As a result, we might see a continued rally towards the $140.00 magnet right away or after a short period of consolidation. Nevertheless, we will keep the chart on our watch list for a potential gap up and fade but will also join a long trend when clear intraday setups emerge.

ETSY

ETSY

As we have witnessed lots of follow through momentum with break outs in daily charts in the recent days, we will trade ETSY reactively. We’d prefer seeing a gap down after today’s weak close and lots of follow-through momentum once the $13.50 area confirms but are not reluctant to join a short trend in case $13.50 does not hold.

M

M

The entire department store sector keeps fading after bad earnings reports. Consequently, we’ll be on the lookout for a gap down, washout and relief bounce to join long.

WB

WB

Earnings reports relentlessly provide new setups every single day. A massive $15 rally since WB’s earnings report should get us a nice opportunity to squeeze profit from profit-takers. Hence, we’ll be joining a short trend once the morning action settles.

MOMO

MOMO

Due to MOMO commonly providing a red day after a rally through previous highs, we are after a gap up fade to join short.

SINA

SINA

Analogous to WB, we are seeking a gap up short as many might lock in profits after good earnings and a nice rally.

MGM

MGM

Picture perfect secondary push with follow-through in the daily chart after a multi-day consolidation. Therefore, we will from now on be on the lookout for a gap up and fade acting as a correction in the daily chart.

CBI

CBI

Big unwind on the daily chart after a big earnings miss in the first quarter. After almost one week of selling pressure and weak closes, the plan is to look for a gap down followed by an opening panic washout. We will then join a reversal move all the way to red/green.

DDD

DDD

A perfect example, why shorting a stock just because it is up can be fatal. We’ll cautiously keep waiting for the gap up and easy correction to join short.

HRB

HRB

Nice run from $23.00 all the way to $27.00 since mid April. Big unwind day today on the CEO retirement news. Technically the $24.50s area should act as a nice support area. Therefore, the plan is to join any perking action on a weak open for a red/green move.

AAOI

AAOI

Even though a volume of 2.5 million is not favorable, the chart is worth a spot on our watch list. At the moment, we could bear witness of a consolidation phase which could very well set us up for a continuation through the $66/$67 level.

JACK

JACK

One of the biggest winner in today’s after-hours trading. As we are currently approaching the chart’s all-time highs, we will most certainly review a possible trade during tomorrow’s pre-market trading.

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