Watchlist for 3/12 - Spring Forward!

$GMCR (Green Mountain Coffee Roasters, Inc.) Nice movement on this one Friday, but pretty much stayed in a tight range for most of the day after the initial morning pop. Gapped down due to $SBUX announcement that their getting into the single cup o' coffee biz. If $52 support holds/consolidates I'll be tempted to go long, but I'm more interested in a short under $52. Wait for crack and hold for a test of atleast $50.





$QCOR (Questcor Pharmaceuticals, Inc.) Showing some weakness on the charts. Tested $35 support on Friday a couple of times. Looking for this to crack below $35, hold for the short to $30 level.





$VVUS (VIVUS Inc.) Fading nicely on daily after the gap up, run to $25. Coming back down to retest a $20 support level. Watching for drop below, hold, and short. If $20 area holds and consolidates, I'll be tempted to long scalp this one.



$MCP (Molycorp, Inc.) Nice pop on Friday after news that they agreed to acquire fellow rare-earth company Neo Material Technologies Inc. for $1.31B in cash and stock. Ran up over and supported $30 support/resistance level. If it holds, will long for continuation. If it fails to hold, watch for resistance at $30 for short.





$SBUX (Starbucks Corporation) Up at all-time highs after unveiling a single cup coffee maker that will rival $GMCR's Keurig unit. Doji on daily. $52.50 (r) on Friday and some support at $51. If it fades, will watch for a failure at $51 for the short. Otherwise if it continues to rip, I'll keep away. I suck at playing all-time highs. Always jump in at the wrong time, lol.



$DNDN (Dendreon Corp.) Recovered quickly from this gap down on Thursday. Friday held the $10 support level. Will watch for it to continute to hold for long entry. If it fails and resists $10, will think about shoring for possible pullback to $9.





$DECK (Deckers Outdoor Corp.) Selling nicely the past week or so and last 2 days perked up nicely. Looking for the $68 level to hold for long to $70 (r) area. If we gap up, watch for break and hold at $70 for long entry.



$TXN (Texas Instruments Inc.) Holding this $32 longer term support level very well. Tight 50 cent range on Friday $32-$32.50. Ideally would like to see $32 fail and hold below for the short. Has also show quite a bit of resistance at this level in the past which then faded to $28. Not great range on this one, but worth keeping an eye on.

Watchlist for 1/31/2012

$AMLN - $13.80/$14 supp lvls. $14.50ish resistance. Positive reaction to FDA approval. Long biased on $14 hold or any sign of support at the $14 and $14.50 levels.



$RSH - $8 area of interest. Negative reaction to lowered guidance/announced preliminary 4Q results. Looking for some support/consolidation in the $8 level.



$ALGN - $23/$23.50 support lvls. $24 resistance. Beat Q4 est, but Q1 guidance below streets est. Waiting for selling to settle, long off support/consolidation. Possibly at $22.50-$23 area.



$RVBD - $23/$24 support lvls. $24/$26 resistance. Gapped down friday on earnings. Stayed in flat/tight range today just under $24 level. Long on hold of $24 for a possible run to $24.50s-$25.



$EMN - $50 support. $50/$51/$52 resistance lvls. Gapped up on earnings and news of SOA acquisition. Long if $50 holds. Short if it failes to hold $50 level.


$INFA - $42/$43 support. $43.50 intraday resistance. Pos reaction to earnings friday followed by a flat day today. Looking for this to sell to the $42 level for a possible rebound off support.



$SNDK - $46 support. $46.50/$48 resistance. Down on earnings followed by a flat day today. Looks to be supporting $46. Long biased on any hold of support especially at the $46 level. Could easily push to $47-$48 areas.



$VPRT - $35/$36 support. $38 resistance. Huge run today on increased volume. Long any show of support for a push to $40 level. Will play short side if this resists and fails to break $40.

Solid Setups with Great Risk/Reward

Some of these setups are from January 3, 2012 and others from October to December of 2011. Most of these I took myself, but others were setups I saw and called out in the chatroom, but either missed or did not take.

These are very simple and basic support/resistance plays. Very easy to learn and very easy to find.

AGQ - December 29, 2011

AKAM - January 3, 2012

BBBY - December 23, 2011

DMND - December 29, 2011

JPM - January 3, 2012

MCP - December 30, 2011

MJN - January 3, 2012

ORCL - December 21, 2011

POT - December 9, 2011

QCOM - December 23, 2011
Spotted by my homeboy Bobby.

RIG - December 9, 2011

SHLD - December 28, 2011

SNDK - January 3, 2012

SPY - January 3, 2012

SYK - January 3, 2012

Watchlist for 12/8/2011

FSLR - Gapped up around 7%, climbed another 6%, then faded about 6% off highs. News out they sold a solar power plant being built in California to MidAmerican Entergy in order to reduce spending. Will watch for signs of support after some selling. I will keep an eye on the $47.50 level as it was the pre mkt low and intraday low.

FMCN - $20 support level. $21.50 intraday resistance. Big $1 spike on heavy volume in the afternoon followed by a big pullback and strong close making new highs. Hope to see some profit taking at the $22 area. Short biased on pops into that level. Long bias on any dips into $20 area support.

LNKD - $75 resistance. Hope to see some profit taking at this level. Over/under short at $75. Initiated with a buy rating and $85 price target.

LULU - $44.70-$44.80 support held very well today and bounced w/in this $44.70-$45.60 range. Long biased on any move toward that support at $44.70/$45 area and hoping to break out of this range. If we gap up over $45.50, will look for this level to hold before taking any long positions.

CRK - Upgraded to outperform with a $30 price target. Could see profit taking at $20 for an over/under short play. $20 resistance level to keep an eye on and $19.40-$19.50 support. Will long off support if buyers step in, but short biased on any morning pop into resistance.

Stocks on Watch for 12/1/2011

TIF - As I said yesterday, was bouncing between $66 - $68 areas. Today held $66 support and had some decent bounces off that level. Looking for setups tomorrow off this support level for scalp.

FMCN - Held $18 as a support area today and had a big end of day run to $19 and gave a nice short opportunity there (over/under) Missed the entry as I was on the phone. Put an order in for $19.03, but was about 30 secs too late. Short biased on pops over $19 tomorrow, but won't be suprised if this pushes to $20.

INHX - Another big day for this one. Nailed a short on this one at open from $14.16 and covered $13.96 and $13.66... Tomorrow looking to short a pop to $15 over/under. Hopefully it sets up perfectly.

WBMD - Had a nice end of day run to $36.27 (High of 11/29 was $36.31). Short biased tomorrow on pops over $36. Maybe $36.15-.25 area.

YOKU - Would like to see a run to $20 for possible pullback. Will be short biased in that area.

CEDC - Had 2 consecutive days of nice runs and pullbacks. Hoping to see a big push to $5 area for an over/under play. Won't be suprised to see it push $6s tho.

PCYC - Beautiful run the past few days on this one. Hoping for a morning parabolic to $16 for over/under short play.

MBI - Up 18+% today. Huge gains...Looking for a $10 over/under short setup tomorrow. Could see some resistance in that area.

ANR - Up 15.16% today. No bias, but I'm kind of leaning toward a short around $25.

Watchlist for 11/30/2011

TIF - Dropped over 7% in pre-market this morning after earnings report and had a decent rebound right out of the gate. Bouncing betweet the $66 and $68 areas. Will keep on watch for a setup early tomorrow.

FMCN - Big $2 pop around 2pm'ish today. Shorted a bit at $18.05 on the second pop around 3pm. Short biased tomorrow on pops over $18. Can easily get $1+/share. Will try to be patient.

WBMD - Big pop today on rumors of a possible sale. Got in a small short position just over $36. Will look to short any big pop tomorrow especially on $36 over/under move.

GRPN - Scalped a decent gain on this one today. $16 area of interest for me as it shows some support and resistance in this area. Closed at $16/$16.01 today so I may take a red/green move early on for scalp.

LNG - $10 showing a lot of resistance today. Will keep an eye on this one at this level. No bias, but if we get an open just under $10, I may take a red/green move early on for scalp.

NOV - Showed some resistance at $69 today and hesitated to take the short. Short biased on pops over $69.

OVTI - Down after-hours with lows at $9.50. Will watch for setups. Long bias on washout or strong setups.

INHX - Nice run right out of the gate on this one today. Was hoping and waiting on a $14 over/under short and it came 6 cents shy. Short biased on pops over $14 tomorrow.

Other Stocks on Watch:

DDS  SINA  GS  FAS  FAZ

Financials should be in play tomorrow.