Wednesday, November 2, 2011

Watchlist for 11/3/2011

LNG - Been holding up pretty well and up over 90% in the last 6 trading days. If it can continue to show strength, I'll wait for a parabolic move to $13 for an over/under short. $12 is still an area of interest for me for now tho.


ACOM - Holding a nice down trend as well as some support at $21.50 I'm long biased on a red/green move if we gap down tomorrow. But if the market continues to sell, I'll be short biased on a break below support.


FST - Broke out of it's downward channel today on increased volume. Long biased on red/green move tomorrow on a weak open.


LVS - Had a nice pop this morning right at open, but I was holding off on shorting till it popped $50 over/under. Will look for this tomorrow.


SINA - Doji on daily today. Open and closed at $80. I think we could get it to pull back up to that trendline. Long biased on weak open, red/green play.


XEC - Right at this down trendline, but holding under $68 resistance. Could make a move on a break over this area. On watch, but not crazy about it. Just not a play I'm too good at.


AKAM - Past 2 days had nice gap ups and climbs. Looking for another strong day tomorrow for a run to $29/$30 area for possible short. Had some previous support at $29 before the big gap down, so $29 could possibly be an area of interest on the short side. If not, I'll try again at $30.


NWL - If we gap down, I'll be short biased on an early pop to $16 over/under play. If it breaks and flys, will look to short at $17 over/under as I think people will look to take profits at one of these 2 areas.


FWLT - Gapped down today on bigger than usually volume. Long biased on red/green move.


PBI - Has shown support in the $18 area. Long biased on a washout down to $18 for a rebound.


TRW - Gapped down on bigger than usual volume just as FWLT. Same idea...Long biased on red/green move.

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