Sunday, December 18, 2016

Watchlist 12/18

Here is my watch list for tomorrow Monday the 18th

MOMO---On Friday the idea was a test of around the ma200 area and a push higher from there. Tomorrow I believe we see a continued push higher perhaps one more day of a flag. I am looking for a r/g type play or even a slight gap up and push. If weakness is shown right at open area we may have to scrap this long as it may go back with the bigger short trend.



AKAO---This is one that is behaving exactly how I would like it too. For tomorrow we have a couple potential scenarios most involving shorts. First scenario is a gap down and hold below 13 for the short and eventual death of this stock. A green to red scenario is also a possibility ( if it is too close to support at 13 wait for the break down of 13 before getting in. Only long scenario I have is if 13 area holds and strength is shown .


M---This is one that could be ready to bounce. It is sitting at the ma200 right now after a big move lower. I would like to see a show of strength at the open. The idea for me here is NOT to short. If we get a g/r type look I will not get in until a long set up shows up. 



FSLR---Looking for a r/g type look here. Just be careful with the ma50 right above. 



PAY---This is one of my favs for tomorrow if market shows strength. A move over 18.50 either on a r/g or a push right at the open. A gap up if not too large is also acceptable.



WUBA---A lot of things can happen here but I do expect a short below the base that has formed here. Weakness if clearly in the air and I believe this is the day we break either on a g/r move or a push lower at the open under 30 





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