Tuesday, January 31, 2012

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.


Wednesday, January 4, 2012

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