12/31 hot stocks | Bulls on Wall Street

12/31 hot stocks

Morning guys! Today should be very interesting as the volatility in the markets has been nuts the past few trading days. When a market is headline driven (meaning every piece of news that comes out causes it to make a major move), trading can be very tough and if you aren’t experienced its best to sit on the sidelines. The thing that I do during times of volaitlity like this is scale back my size to help with the risk. At any point a piece of news regarding the fiscal cliff can come out and rip or tank the markets.  No one really knows whats going to happen so essentially you have no edge. Therefore its not wise to be full position trading at times like this. There are still plenty of trading opportunities out there, just remember to trade quickly, don’t hold things for long, and dont go all in on anything 🙂 Email me mb.willoughby@gmail.com if you guys got any questions!

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Here are a few stocks that I am watching this week:

MITK- nice volume and move on friday.. looking for contiuation today

mitk

CLSN- flagging on support. Looking for another move. Volume pattern is great

clsn

TASR- flagging after big up move. looking for breakout

tasr

LUV- orderly pullback to 20dma. watching for a bounce

luv

BOSC- thinly traded so have to be careful.. but due for a bounce. watching for bounce off 20dma. few more days of pullback

bosc

ACUR- bounce watch off this 20dma.. seems to be bottoming out shorterm

acur

EBR- bottom bouncer.. looking for break of the 20dma. should start a run in it

ebr

RIGL- watching for gap fill.. looks like a bounce spot

rigl

AMRN- snabpack watch. oversold

amrn

YONG- r/g watch

yong

 

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