Tuesday, March 12, 2013

03/12/13 Tuesday Watchlist (13 stocks)

Market: The market is breakingout into new highs as it anticipates the Retial Sales reports next week. If the sales are good, the market will boom like ever before, if not then it could top sooner. Until the report, be bullish and bearish to over-extensions. But since the market has been green 7 days in a row, so be prepared for some consolidation for shorting.

My strategy is mostly daytrading and short-selling but in this market I will buy good set-ups for day- or swing trade only in a bull market. Today is Friday so I will be more bullish today.

Short Watch:

GV (overextended)- this stock is breaking out into new highs w/o news and usually get overextended quickly. This is a great short when it tops. Could top at any natural res 5.0, 5.25, 5.5 etc..

BWEN (ill-financial)- still holding up over 3.90 supp and spiked as desired. Ideally I'd like to see it spike to retest key res 4.70 to short a probable top.

CALI (seeking alpha hype)- spiking on a SA article. Potential short soon. watching 5.66 res and 4.92 supp.

BVSN (technical spike) - big squeeze on Monday. Potential short under 10.50

SNSS (ill-financial)- I shorted this stock yesterday at 5.84 and covered at 5.37 but I ddidnt post the trade since it wasnt on the watchlist. This is a potential multiday fader but I'm more interested in its earnings on 3/13/13 as it could miss another eranings and become an even better short. EPS less than -0.30 is what i'd like to see them report.

Long Watch:

IMMR (Samsung deal, I'm long 9.72) - this still is breaking out on a big deal w/ Samsung as it still has vol. It has upside to 10.3 so plan to sell into the next spike. tight stop as always

MERU (earnings winner) - earning winner. i bought the b/o at 5 and sold too sold. potential buy on the dip at. 5.27 is key.

RFIL (earnings winner) - big earnings winner that shows q2q eps growth. Potential buy when it patterns to b/o 6.52 key res (also all time high pivot).

XIN (earnings winner) - Earnings winner. Seems to be bottoming. Im watching 4.85 key supp for dip buy entry. or 5.14 intradday pivot for breakout.

AMRI (earnings winner) - brokeout 10 as expected and pushed to 10.5. potential buy as this could mroning spike.

BIOL (earnings winner)- I am watching 3.92/4.07 supp zone for bottom but am really only interested in the 4.90 breakout when it patterns.

AAMRQ (airline deal)- I bought the gap-up on Friday at 3.0 and sold into a spike yesterday 3.26. Take safe profits. Potential buy on a big dip.

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