Monday, December 26, 2016

Watchlist 12/27

Hope everyone had an awesome christmas and ready for an incredible pnl positive 2017! Here is my watchlist for tomorrow Tuesday the 27th of December

X---I like this one as it has been holding support. I would like to see this have a nice push at the open and a pullback for an entry. As long as we hold this 35.50 area.



TWTR---Perhaps a day 2 push here. Either on a r/g or a straight out push at the open and pullback. Remember this is in a downtrend so it could just as well be weak at the open and go right back to its original downtrend. Just watch which way the strength is at the open.



SHLD---Call me crazy but I think we have a day 3 short here. If we gap down or show any signs of strength to the longside i will trade it long. It has got to prove me wrong though. Any G/R and we could go lower.


WSM---Notice how we are at a nice support level now after two strong days down. I am not looking for a short here at all. I am looking either for strength at the open and a push higher or a fake breakdown and higher low set up or any long set up for that matter for the long. 


PGNX---We could go higher here. Either r/g or a push at the open with a controlled pullabck for the entry. Could see a new move higher


ACAD---Tricky one here but I want to see what happens. Strong move on Friday but we have the ma200 right above. I don't want to buy into it but if we see a red move at the open I would like to see a r/g type play here



HIIQ---Last pick for tomorrow 3 days up already so I am not longing this anymore however it could very well go higher but after so many days up we need some sort of a pullback soon. Looking for a push higher and short on the lower highs. If you want to be safer wait for the break of the trend and get in on the new downtrend. 






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