Watchlist 5/23

Hello guys! I'm going to start to post my daily watch list with a brief description of what i expect to happen and perhaps even a contrarian plan just in case. I will try and keep my watch to between 6-10 stocks

VRX--

This is a stock that could really go either way. One idea I have is for the R/G move pushing through 28 which is a level of interest. For a short I would love to see it push below 27.20 and hold under that level. That could set up a nice short trade. Great trader either way lately. 

AAPL---

This is a beautiful chart and my bias here is pretty much long all the way. It would a pretty strong gap down to make me change this bias. I am expecting a R/G type of trade here, Respecting the 94.75-94.80 area. We may also gap up slightly and push out of the open. Various scenarios but mostly a long trade to me. Unless something happens to make me change my mind. 

FIT---

Also a great long idea here. Expecting a R/G move out of the gate. Remember go by what the daily chart tells you. Even if you see a short set up in the early morning this could very well set up a later r/g move. A very bearish market day would have to occur for me to change my mind

LABU---

LABU is a chart I like quite a bit , even though we are right at the ma50 on the daily. I expect a long either on a R/G move or on a slight push out of the open in which I would wait for the pullback to enter long.  Although I am not looking to take a short here if we gap down and hold below 28.90 area this could be a potential daytrade short. 

ACAD---

In my opinion this is reaching the slightly extended area. I am not looking to long here as it is approaching price resistance and I would prefer to see what occurs around that area. You can make the case for a R/G long until it reaches resistance over 35 but I prefer to wait for a reversal once we get to that zone. Looking for a break and backside of the move to enter

SCTY---

Here we have a potential day 3 approaching. We are not yet overextended but not far from an area of resistance, I like the R/G scenario here. I want to see this stock open red for a long trade. If we do not open red and gap up I will be once again watching to see what price action tells me throughout the day. We may also see a stronger pullback at the open followed by a r/g move later on. 21.30 is an area of interest to me.