phxtrader: June 2013

Sunday, June 30, 2013

Watch-list 07/01/2013

$ACTV - Huge volume on Friday and closed near HoD; Watching for continuation

$AMRE - Trading range narrowing and Friday saw a huge volume spike; Watching the trend-line break

$ARUN - Nice gap above the $15.64 level; Watching if it tries to fill the gap

$DRWI - Watching above $3.02

$END - Volume spike on Friday; Break over $4 should be interesting

$EOPN - Watching over $17.61; Had a huge volume spike on Friday and has a nice gap above till $18.50

$FTK - Tried to breakout but failed; Volume has been expanding; Putting on watch to see if this breaks out

$GGS - Like the volume spike on Friday; Watching if this takes out Friday's high

$HALO - Moved big on Friday after news of drug approval in Europe; Watching for a red/green move and the resistance area above

$HTBI - Nice volume spike on Friday and closed near HoD; Watching for further movement

$JAKK - Nice volume spike on Friday; Watching for continuation and movement near $11.50 area

$KCAP - Watching $11.40 area for movement after bounce off of 200MA

$NEWP - Watching $14.10 resistance area

$NLS - Huge volume spike; Watching for continuation and breakout

$NM - Watching over $5.70 resistance for breakout

$PSTB - Big volume spike on Friday; Watching over $6.05-$6.06 resistance

$SCI - Should be good over $18.12

$TROV - Watching over $7.25 resistance area for movement

$TTMI - Should be a nice set-up if it can break thru the 200MA

$WBMD - Huge volume spike on Friday; Should be interesting once it approaches the resistance area above

Monday, June 24, 2013

Disclaimer: This post should be used for educational purposes only. I am not a financial advisor and this post should not be considered an advice to buy or sell any stock. You need to do your own due diligence and make your own decision.

So, the MACRO issues have been pretty heavy on the market and off-course, the individual set-ups are just not working. We saw a huge drop early in the day, followed by a nice jump off the lows just to see the market ending in deep red territory. Until the market shows a clear sign of reversal, I prefer to be scalping few cents here and there. Preserving capital is another way to stay in this market. We have seen this before and we will keep seeing this again and again.

Hoping for a nice day tomorrow, here are some items that I am adding to my watch:

$ELNK - Break over 200MA should set this up.

$KRO - Nice looking set-up; Watch for break of the trend-line either way :-)

$MHGC - Bounced off of 20MA and closed nice; Watching over today's high.

$MILL - Watching over today's high as it clears a critical resistance area

$PLAB - Watching for continuation over today's high

$WAFD - Nice volume last couple of days; Watching if it clears out this resistance area

Saturday, June 22, 2013

Watch-list 06/24/2013

Disclaimer: This post should be used for educational purposes only. I am not a financial advisor and this post should not be considered an advice to buy or sell any stock. You need to do your own due diligence and make your own decision.

Here are some set-ups that I will be watching next week:

$AMCC - We all remember this name from last week's run. Now its flagging. Looks like, it wants more.