Watch List 6/1

Good evening!! Hope everyone had an awesome weekend! I know I did. Bought myself a nice entry level DSLR camera and decided I'm going to try and learn how to take some good pics. Wish me luck!  Well going in to stocks now. I noticed many nice stocks this weekend , a ton of potential R/G set ups, I did have to narrow it down quite a bit as to not confuse myself. Others may move as well but hopefully the ones I will post here move nicely too

ADXS---Biotechs seem to be on fire lately and I believe this one will pullback in the morning and potentially take off later in the day. Had a great day on Friday, I'm thinking this continues tomorrow

 VBLT---I think this one has more left in it. Call it intuition, but I think this one has 1 or 2 more days to pop. May or may not start tomorrow, but I think its coming, R/G set up looks likely

OVAS---R/G set up here in my opnion, looks like has more room to go

 VIMC---Friday this showed some major strength, I believe tomorrow this has a pullback at the open and sets up later on for a R/G

 ESI---Had a monster move on Friday, big volume mover, if this can open weak it can set up for a nice R/G, if it gaps up I may stay away

 AXTA---Could be a nice R/G set up here, held support at the daily ma20, so could go further

 PRTA---Another one that had a powerful move on Friday, looks like pullback at the open and R/G push

RTRX---Another good potential R/G biotech here, my only worry here is that this has moved quite a bit since last week, will keep an eye on it though

SPNC---I like the chart set up here, just broke out and has a nice R/G potential here in my opinion

 SUPN---WOW! another biotech with a sweet R/G set up, I hope this opens weak and forms a nice higher low set up for the move!

Watch list 5/28

Here is your watch list for 5/28

MNKD---I am liking this one for a R/G move tomorrow, looks a tad bit extended but I am thinking this has a move to the ma200 on the daily.

IG---I like that there is next to no overhead resistance here and we had a strong day today. Looking for a R/G move here

IDRA---Looking for a R/G move here as well. Strong day and looking for potential continuation

AMKR---Looking for a R/G set up for the move over 7

AMBA---I believe this one still has more to give , R/G move in my opinion

DEPO---Still waiting for the pop here on this one. Coiling up nicely

OPK---Nice high consolidation here. Could break out and give us a nice move soon

FEYE---A nice mover from a few days back. Holding nicely around this area, could see a move soon!

Watch list 5/26

Hope everyone had a wonderful memorial day! And a great extended weekend! Here is my watch list for Tuesday 5/26

EYES---I love how this one is coiled up and ready to bust out of the pattern! Looking for a possible R/G open and go!

DANG---After the beautiful action at the end of last week I believe we see a deeper pullback tomorrow morning and a nice R/G set up later on in the day! May not go green but the set up will be there in my opinion

FEYE---Another one that could see a R/G action. I think this one has more to go! wait for the set up patiently if  needed

SRPT---Another one that could break out nicely here, looking for a R/G set up here as well, although this one may just go out of the gate. If so, wait for the pullback to enter

SUNE---R/G here in my opinion, wait for the set up though, could sell off some at the open

VSLR---Potential R/G here tomorrow, may need a pullback day or two before it goes but one to keep an eye on

DEPO---here we have a nice little bottom play , could bounce nicely here. One to keep an eye on

RIG/NE---Two oil plays here that could have nice R/G moves here tomorrow, oil charts looking sexy and similar

Trade Recap $YOKU

For some reason, last night I wasn't suuuper confident in my watch list. Probably because I had not done one since the 11th. I was however pleasantly surprised today when witnessing two in particular. YOKU and DANG. Today for my trade recap episode I am going to focus on YOKU.

Last night my idea was YOKU for a R/G move. I mentioned that even though it had moved quite a bit over the last few weeks I believed it still had some left in it. Before moving on it is very important to state the following. When I say I expect a R/G play I mean just that, I expect a stock to pullback slightly , or deeper than expected and form either a base/ rounding pattern or an orb set up from the pullback zone. What I DO NOT want to happen, at least most of the time is a gap up. When a gap up occurs on most stocks that have already had a strong move people holding will tend to sell. Low floaters could be a whole different story though. HABT action today was an example of a gap up and push into a failed momentum and you see what happened there! Here is what YOKU looks like as of 1:35pm 5/22

As you can see it went slightly red early on and shot right up and never looked back! Now lets take a closer look at what was going on intraday and where the R/G buy spot was.

Many times a R/G trade tends to be a quicker trade, however this one ended up being a huge winner for those who held for the over $5 gain. You dont have to wait for the stock to be green to take the trade, what we are looking for is the setup to take the trade, either a base setup or an orb. With YOKU it tended to coincide with the R/G move. Great trade for those who took it!

Watch list 5/22

Hello everyone. Here it goes, straight to the point, my watch list for longs for tomorrow 5/22

YOKU---This one has been on a tear!!! keeps on going higher and higher. This is one that could really go either way, but going with past performance after strong days I am looking for a R/G move here.

JMEI---Another one that has potential to go even higher and quickly. This is one I am looking for a R/G move. Could still have some left

HABT---Nice mover today, and a fantastic move since it bounced off the ma20 on the daily. Here I am looking for a R/G move as well

DANG---Here is one that moved up off a support today and I see the potential for it to move higher, Looking for a R/G here. Could also see a push out of the gate and pullback for the long set up

FEYE---This may not happen tomorrow but it is a chart to definitely keep an eye on for the near future. Coil action is happening and could see a nice breakout soon. Potential R/G move tomorrow

GLNG---Even though it didnt finish too strong today I still see potential here based on the daily. Could end up being a short tomorrow but I am on the lookout for a R/G move here for a push higher

Watch list 5/11

Its been a few days since I have made a watch list. My girl friends mother has been visiting us from her country, and she has been staying at my home so I have just been quite busy. I have also been dedicating some extra time to my "in the meantime" career , that of a personal trainer, all for the great cause of accumulating more $$$ to trade with. Well, here is my watch list for 5/11

GPRO---I really like this one for a long tomorrow, either a R/G move or a push out of the gate and entry on the pullback. Setting up a nice flag on the 30 min chart. I also like the daily chart, bounce off the 20MA

YOKU---This one has a nice flat top breakout set up, on the daily it has had a few sideways days and could be ready for a nice pop. Look for either R/G or pop out of the gate and pullback for a long

CLDX---With bios making a move back up this one is a prime candidate for a continuation up off the base that was formed last week. Daily is set up nicely for a nice pop. ONce again either R/G or a pop out of the gate for the pullback entry.

FTNT---Another nice long potential on this great flat top pattern on the daily.

ICON---Loving the flat top potential here off the bottom. Could see a nice pop.

VSLR---Great looking daily chart, possibly R/G move or even a gap up and run. Awesome bounce off the ma20 on the daily so far.

WBAI---Another awesome looking flat top potential here. Looking for either a R/G set up or a pop out of the gate and pullback

BITA---Last but not least one of my fav stocks to trade. This one has a nice pattern on the daily, a break above this either on a R/G move or a slight gap up and run could be fantastic!

BITA ----Watch your freakin watch list ! lol

Last night I did not publish my watch list since I was busy painting my trading room Money Green haha. Maybe it wasnt a good idea NOT to publish my list. It could have been the reason why i wasnt as focused as usual today. First I would like to start with a video I absolutely LOVE on Focus. Apply all he says to stocks. It will make a ton of sense. https://www.youtube.com/watch?v=WhbYBb0huMs

Now that you have watched this awesome video. Let me talk about how I missed a brilliant play today because I was NOT focused. BITA. I had this one for a long today, possibly on a R/G move. Remember to start with the daily chart. This one was great and had bounced off support and confirmed it. Here is a look at the daily after todays action

So what I wanted to see here was either a push out of the gate and a nice pullback for a long or possibly a r/g move forming a nice little base before the push higher. I did not see this for a short at all so my bias was long and long only.

So as the day started I began watching quite a few stocks but I failed to focus on BITA which was one of my main stocks. As the video above states, I was unable to say NO to the other stocks that were popping up on my scanner. Causing me to direct my focus on waaay too much. Multi tastking is not an option in trading, at least in my opinion. Later on when I looked it had done exactly what i wanted it to do. A r/g move was in play and had left me behind. Here is what I saw.

So far my best trading days have been days when I have a watch list and ONLY focus on the stocks from my watch list. Once I start bringing in new stocks from daily movers I start losing focus and that is when my mistakes start. I know many traders who post on twitter and what not seem to be focusing on 1million stocks at once , but how long have they been doing this for, how long have YOU been doing this for? Start slow, maybe 4-6 stocks on watch max! and then little by little once you can handle more start expanding your list. If you try to do too much too soon you will blow up

Trade recap 4/28 YOKU

This trade recap is being done on 4/29 , however it is for the action of YOKU on 4/28 which was on this days watch list. My idea for YOKU was R/G play after the strong action the day before. One aspect of the R/G play which gets many people confused is that it does not have to be a quick play right out of the gate. A R/G play can take its time setting up before it starts to curl up on its way to green. Another aspect of a r/g play is that it doesnt HAVE to go green as long as you anticipate it on the long set up you can take a nice trade in it and not need to hold it for the green move. YOKU was an example of both. First it pulled back quite a bit before setting up a higher low move which is where i entered for the move at 18.17. And second, it did not go green but had a nice juicy move! Here is what is the daily as of today, remember the move I traded was yesterdays candle.

As you can see after the strong day I had it on watch for a pullback red or weak open in the morning. I was looking for a set up to take for the move to green or at least close to it. Here is what i found

So as I always say, once you have a bias for that day you are looking to trade, be patient and wait for the set up to form. Do not take the opposite trade unless you have a plan for it. My plan for this one was a R/G so I waited for the opportunity for this play to show up

Watch list 4/28!!

Today I have a pretty short watch list for longs. Did not spot too much I could say WOW to

YOKU---This was a fantastic mover today, looking for a R/G move perhaps tomorrow

DANG---Also looking for a R/G move here

GRUB---Looking for R/G as above

CLF---Consolidation day today, either R/G move or push out of the gate a pullback for long.

JMEI---Could take some more time but watching this one for a break out of the consolidation range