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 market weakness, there were lots of opportunities on numerous relief bounces today. Stocks such as TSLA, XIV and BAC provided great moves to profit on.

Quite a number of catalysts in today’s pre- and after-market trading fueled up stocks with lots of momentum which could provide superb trading opportunities tomorrow.

WMT

WMT

Nice breakout above the $77.00 highs on the daily chart on solid earnings. Overall, it is a strong trender for about two months now. Since today’s price action was a steady grind without a parabolic price change on the underlying news, the plan is to join any weak open for a red to green move for a $78.00 to $79.00 push.

ATHN

ATHN

After today’s announcement of a major stake in the company, the stock ramped all the way through the previous $127.00 high towards last year’s $130.00 highs. As it continued to trend all day long and now has the $127.00 area as support, we’ll be looking for a continuation through the $130.00 area.

WB

WB

WB had a huge run to the upside a few days ago. After it put in a small dip followed by a spike back to prior highs today, the plan is to long any weak open for a red to green move and $80.00 breakout.

CBI

CBI

CBI seems to be in a bottomless fade. After today’s continued fade and strong power close, we’ll be on the lookout for a gap down, washout and subsequent relief bounce to join long.

ADSK

ADSK

Another earnings winner in today’s after-hours trading. Overall a steady trender just like WMT for several months. We got some $105.00 prints after-hours which would create a huge gap up. Therefore, it’s also likely that some profit taking kicks in after the bell. The plan is to play ADSK reactively meaning that we’ll join a trend once it has been established.

MCK

MCK

Another after-hours earnings winner. Based on the big $152.00 to $153.00 resistance on the daily chart which is being tested after-hours, the idea is to join a long trend after the breakout confirmed.

NVDA

NVDA

Splendid relief bounce after yesterday’s market weakness. With the $148.00 upgrade by UBS this afternoon and the stock’s power close, we’ll be looking to join a long trend for a move back towards the all time highs.

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