Wednesday, March 13, 2013

03/13/13 Wednesday Watchlist (10 stocks)

Market: The market is breakingout into new highs. The retail sales data was release today and premarket gains seems to reflect that the market feels good about this data. So be prepared for more bullishness.

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.

Long Watch:

RFIL (earnings winner, im long 6.13) - big earnings winner that shows q2q eps growth. i bought the dip when it went r/g w/ vol. I will hold to see if it will pattern to b/o 6.5.

AMRI (earnings winner, im long 9.85) - brokeout 10 as expected and pushed to test 11 just as i called it. it seems to want more as it tests res zone. I bought for a possible gap-up/morning spike. Upside to 12's if it can breakout 11.1

IMMR (Samsung deal) - this still is breaking out on a big deal w/ Samsung as it still has vol. It has upside to 10.3 which it could breakout. potential buy into a big spike thru 10.3

NQ (earnings winner) - this is bottoming at 9.3 as I called it. upside to 10+. Potential buy on next pullsback above 9.3.

ENPH (earnings winner) - this is spiking w/ momo. potnetial buy when it spikes thru 6. upside to test 6.7

MERU (earnings winner) - earning winner. upside to 6.3 res, 5.25 is supp.

Short Watch:

MTG (over-extended)- it's still holding up w/ vol. potential short when 4.90 gives as vol fades.

BWEN (ill-financial)- spiked more towards 4.7 res as I wanted. Potential short when it tops/cracks under 4.7

CALI (seeking alpha hype)- fading. potential short. plenty of potential downside

BVSN (technical spike) - fading. potential short. supp at 9.8 which could crack

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