Watchlist for 9/16/2011

No charts today. Got home a bit late and ran out of time and need to get to bed early, but here are the trade ideas/setups for tomorrow.

WLT - Once again on watch. Nailed the short once again on this one at open. Gapped up and made an early high just under a key level I stated in yesterday's watchlist ($86) Shorted $85.78 for a $1/share gain. I'm still short biased on this one on pops and morning gap up, but this could possibly make a small run. Made a higher low today and higher high. Will watch for it to break today's high and $87.50 if it shows strenght for long positions.

WPRT - Nice gap up this morning. Perfect short setup as mentioned in yesterday's watchlist. Had a nice run mid-day before selling again. Still short biased on this one especially on another morning gap up.

PANL - Also nice gap up and short setup this morning straight from the watchlist yesterday as well as a great short under $56. Short biased, but would consider a long scalp over $56 if it opens slightly lower/under this level. Would like for a short under $54.

CBG - Held $15 area all day then closed at highs $15.27 This is on watch tomorrow for the break of $15.51 Would be nice if it gapped up a bit just under $15.50 for a nice setup to long over $15.51

SPLS - Long over $15.00

TSL - Long over $10.57/10.58

SVM - Still on watch. Might be decent long over $7.50

AVNR - Long over $3.02

JAKK - Still on watch for short under $19.50, but watch the volume.

NFLX - Down nearly $40 yesterday. Will keep this on watch for the next week.

RIMM - Down about 23% right now in pre-market. Will keep on watch for a bounce. Hopefully some panic selling at open and rebound shortly after. Maybe more selling mid-day till close.