Keep a close eye on NAS&DOW tomorrow for possible breaking down of 1990&10400, which will force these two major indexes to re-test their recent support at 1970&10350. Failure to sustain these support levels will push them further down to their next supports 1950&10200.
Long Candidates
GEOI&ABLE&FUEL:
- Same entry points as I posted on Mon Watchlist.
Short Candidates FORD: - I'm interested in shorting FORD at 15-15.5 tomorrow with a stop-loss above 15.6.
- Stochastics are reaching overbought levels and MACD hit the top.
CFCI: - I'm going to short CFCI in the morning around 30 and I'm looking at 25-26 to cover.
Updates on VEXP&ARTW VEXP: - Took a loss today while the downward supporting line was broken. However, I'm still expecting a bounce to 11.5-12 soon.
- I will reload at around 8 if it opens low in the morning and I'm looking at at least 10 to unload.
ARTW: - I think anything from 7.1 to 7.6 is a strong buy. I will set my stop-loss just below 7 and 9+ is where I'm looking to sell at.
Good Luck for tomorrow!
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1 Comments:
HRT: Buy at 15-16 with a stop-loss below 15.
AIRT: Buy as close to 16 as possible with stop-loss set below 15.8.
ADSK: Buy upon breaking of 34 with strong volume and stop-loss will be set below 33. Next resistance at 36.
PENN: Buy at around 31.5. Short-term resistance at 34.
XMSR: I will own it only after 32 is cleared and 35 is where I unload at.
NFLX: Get in upon break of 12.25. Next resistance at 13-14.
Good Luck!
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