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.

Review

After yesterday’s slow day, there were quite a number of amazing opportunities out there today. Especially SQ worked out perfectly from yesterday’s watch list. On top of that, tickers such as MOMO, ALXN and even JNUG provided lots of momentum to profit from.

Earnings releases in the technology sector keep providing tremendous opportunities. Fueling strong charts with even more momentum and more upside. Our top watches for tomorrow as of now are:

INTU

INTU

Major gap up to $141.00 in after-hours trading on earnings. We will primarily be looking to join a long trend after today’s breakout and the stock’s tendency to push on good earnings but will also not be hesitant to join a short trend in case profit taking kicks in. Pre-market trading and about the first five minutes after the open decide, which direction we will favor.

JNUG

JNUG

Today, JNUG experienced a massive drop throughout the entire day. As it broke below the $18.00 support level, the plan is to look for more downside. However, if the S&P500 fails to show any follow through momentum, gold may have some breathing room, giving JNUG the chance to consolidate or put in a relief bounce. Hence, we will wait and see how the market reacts tomorrow morning during pre-market trading and the first few minutes after the open, before deciding whether or not we will join JNUG with a short position.

ALXN

ALXN

What an opportunity today! After cracking the $109.00 support level, it faded non-stop until finally finding a bottom in the high $102.40s. As it has now reached new 52 week lows, we plan to see more downside which we will join short on pops.

GLYC

GLYC

Even though GLYC is extremely crowded with a small amount of floating stock, we will keep an eye on the action. It currently retests the stock’s previous highs at $14.50 during after-hours trading. This might provide us with a picture perfect gap up tomorrow morning which will result in another massive push probably through the $15.00 price level. We will then be on the lookout for any easy backside to join short on failed follow through momentum.

SQ

SQ

As expected, SQ has seen tremendous follow through momentum after yesterday’s breakout. After today’s power close, we will short the stock on a gap up for a green to red move as soon as it shows missing follow through momentum.

ENDP

ENDP

ENDP has seen a number of higher lows in the daily chart since March. After today’s relief bounce, the plan is to join a continuation of today’s move by longing a gap down for a red to green move.

PBYI

PBYI

After PBYI rallied yesterday on a news catalyst, it has shown a major continuation of this move today. As we can imagine more upside but also a correction in the coming days, we will play this stock reactively.

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