Tuesday, March 5, 2013

03/05/13 Tuesday Watchlist

Market: $SPY is breakingout pm which means it could pullback to consolidate at the open. So be prepared to short at open.

My strategy is mostly daytrading and short-selling but I will buy good set-ups for day- or swing trade only in a bull market.

Short Watch:

ANAC - great short when over-extended. potential reshort if it spikes. this is drug news stock so don't be aggressive.

BWEN - ill-financial and spiking. potential short soon when it cracks supp on 30min candle..

CMGE - sketchy chinese stock. potential short when it starts cracking. would like to see a spike first.

CSIQ (ill-financial) - fading. no play til it spikes.

Long Watch:

AMRI (earnings winner) - is a big earnings winner who reported eps of 0.17 which is big growth from previous quarters. potential buy when it breaks into new high on 30min candle chart. Upside to test 9.

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