Monday, December 19, 2016

Watch list 12/20

Here are the new names I am watching for tomorrow

MOMO---I believe that with this one we see another down day. My scenarios here are as follows. If we see a slight gap down we can set up an orb play. If we gap down slightly we may also pullback some and cover the gap before the move lower. A g/r scenario is also possible. I will not prepare myself for any long scenarios today unless I see a ton of strength at the open which I doubt


TRIP---Support is seen at around 46. I would like to see a G/R move here. If we push down past 46 that may also be a good short set up. I will not go short in this heading into 46 though. Maybe a tad risky. As always , watch for the price action at 46.




WTI---This is one that is getting quite extended now. I’m not sure its ready to be a short just yet, may have one more push to short on a lower high. I just know  I will not long is at this point! So just wait for the short set up.



TSEM---This is one that could have some more upside potential here. R/G could be the set up here.


PIR---r/g look here or a push higher through 9.14 for the long set up.




ATW---We have a clear area of support here. Flagging looking to push higher through 14. Either on a r/g set up or push out of the open and flag for the long



GME---liking this one for a long on a r/g set up, we could also see a gap up and pullback for the long. I am not looking to short anything here. Too soon  







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