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Tuesday, January 6, 2015

Watchlist for 1/6/15

There are many setups going into tomorrow as well but I will just list the main watches I will be looking at right at the open. The rest will be secondary.

Longs

LBTYK: Looking for morning washout on bearish close setup. It has support around 46 so I will be eyeing this for a quick bounce up. Potential wash to 45.5.

CVC: Same as above. Washout to below 19 for the quick bounce.


Shorts

NERV: Crack of premarket support is a good short or any failed momo to premarket highs. Any parabolic I might short as well. This can squeeze though so this may turn into a long with higher low setup.


Secondary List

URI: Looking for the bounce off 90. SSR will be on so looking to buy dips.

XOMA: R/g action off 3.8 is possible.

FGEN: Potential short into any parabolic/late day fade.

FOMX: Can either play long/short but I am more interested in the long. Possible r/g action or ABCD.

CMCM: R/g action w/ possible support around 16.7.

ISIS: Looking for profit taking in the morning and then higher lows/channel break to the upside.

VGGL: Possible short but not my favorite.

BCLI/NDRM/CNAT: Will keep these on watch for anything.

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