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

Yesterday has been kind of a sad and annoying day. After a good start on AMD long and TWTR short we got shaken out by two hit pieces that drove the stock prices sharply against us that triggered our risk levels. Nevertheless we ended the day with a tiny profit. Here are the watches for today:

JNUG

JNUG

Nice little consolidation day after the big spike. Still on long watch for a breakout over the recent highs for a $22 push.

CBI

CBI

Perfect secondary unwind from yesterday’s watchlist where we unfortunately didn’t take advantage of. The plan for today is the same again. We are looking for a slight gap up to short any lower highs for another red move and potential $15 wash.

JD

JD

Overall big runner on the daily chart since a few months. JD saw a nice perk off the $40 consolidation on a smooth trend yesterday. The idea for today is to join a long trend on a weak open for a r/g move and potential $42 push and breakout.

MU

MU

Nice steady runner for the past few weeks. The plan is to join a long trend on dips again for a potential $33 move before it might start consolidating for the next few days.

SNAP

SNAP

The $20 mark has been a major level since the IPO. Since the recent run kind of failed again with that $20 fail this could see a $19 unwind day today. Therefore, the plan is to short a slight gap up on lower highs for a red move with a $19 target in mind.

PE

PE

The oil and energy sector took a major hit yesterday. PE’s daily chart suggests that the $29 level is a key support area. Since we saw a steady unwind through this level yesterday the plan is to look for more downside on lower highs.

AMBA

AMBA

Big unwind yesterday on the big gap down. Intraday, the chart created a big support area around the $53 level. The idea is to look for a short once we break below this $53 support level for another unwind day and potential $52-$51 fade.

There are currently no comments.