Monday, December 24, 2012

12/24/12 Monday Watchlist (Merry Xmas!)

Started with a $2,000 on 6:1 margin ($12k buying power) in December 2012. Now at $9,775 (+600% wrt cash, +100% wrt buying power). My system is Sick!
Thursday & Friday: +$2,325
December: +$10,050 

Market: $SPY it seems has topped. I am expecting a bearish market into the new year as tax-loss dumpage begins. Be bearish.

Perfect Shorts
Most of the perfect shorts are still patterning. But these are the ones that are likely to pattern and tank this week.

EJ - Broke down perfectly Friday eod. I shorted and alerted on stocktwitts at 4.12 and covered 3.91 and 3.66. Know this pattern and be prepared for the next perfect set-up like this. This is still a potential short on any bounces under 3.97, downside to 3.4 or lower if you swing it.

ONCY - vol is fading perfectly. This will tank this week if there is no PR/news. I am watching 3.4 supp to give with downside to high 2's.

UEPS - is spiking a bit as I expected. it is topping here so its a def short on 4.8 supp crack

BOSC - 7.7, 6.2 4.7 and 3.5 are key. potential short on a bounce under res with downside to the next supp level.

SQNM - without news, this thing will drop to 4 soon. you've gotta have good timing or be patient.

VVUS - potential short on any big bounces. downside to 12.5

*DGIT - potential short once its trapped under 11.1 res. could morning panic

CLDX - potential short on 6.55 supp crack. downside to 5s, 6.25 is checkpoint.

NEON - potential short on the bounce. 5.2 and 4.5 are key.

QUAD - potential short on 17.5 supp crack.

BIOF - this turned out to be a perfect short on Friday but I played EJ instead. Unless they have a reason to squeeze, this thing still has downside to 3.3

*On watch for morning panic

Long Set-ups

**TC - is still squeezing shorts. a potential dip buy above 3.8 with upside to 4.2.

CBMX - is due for a squeeze/bounce with upside to 8s+ so its a def buy if it finds supp at 6.20, then it will be a great short after the bounce.

**Morning spike watch.

Happy trading & Merry Xmas!

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