Watchlist 5/24

TSLA

Made its move to the ma200 and failed there today. I am expecting a continuation short on a green to red style play. I am leaning short with this one. If however market is strong watch for perhaps a strong open maybe on a gap down and long on the pullback. Let early morning price action be your guide.

FB

Another one that on first glance looks like a great short potential on a G/R style play. But if you notice price is right at support. Price action early on will be key. If we hold this support and show strength early on this could shoot up. I am leaning for a short on FB  though. 

VRX 

Another one that has support nearby but I like the idea of a short here on a G/R play. Could also slightly gap down and push lower as it has room to go. I would have to see bullish price action here to even begin to consider this one for a long. 

SCTY 

This still wasn’t the day for SCTY to fall. The r/g move was strong and this one closed nicely. Any gap down here should seen as a r/g set up as I am not ready to short it on a gap down. Maybe the ma50 will be a nice short spot if price action says so. I personally would not long this anymore as we are well into the move now. Stay disciplined!

JBLU 

INFN 

Not sure if the move will happen tomorrow but looking for a R/G mover in this one. This gap on the daily could be closed sooner or later. 12.81 is area of interest here.