Market gapped up this morning only to fade all day and end up down 200 points. Thanks to news out of Italy this is the first big down day that we have seen in a while. I am cautious with adding new swing positions at this point. On days like today its a really good idea to look for strength and take note of those stocks that held up well in the sell off. That will help you find some clarity in the madness. Here are a few trading ideas that I am watching this week:
We had a flat day in the bulls room today.. you can see all of the trades from the bulls room here. All alerts are called out live via video chat with entires, exits, and position size. Email me mb.willoughby@gmail.com if you have any questions or interested in trading with us. We have a great broker who offers excellent short borrows and allows you to daytrade freely with an account as little as $2500. I can get you more info on that if you email me.
$pamt- like this one for breakout.. strong today. triple tap break looks powerful
TSYS- breakout watch.. looking for break of this flag
ZOLT- love the strength today.. potentail breakout here
RTK- 2.40 looks like big support on this name.. should be a bounce spot there
PWRD- like the strength today.. breakout watch
SPWR- nice flag forming.. looking to see which way the flag breaks
GKK- like the strength today.. flagging for breakout. looks like it wants more
FXCM- bull flag
SAPE- potential gap fill
MNKD- breakout watch
NKTR- clean leavel breakout at 9.5
VIPS- strong into the close.. r/g watch if no gap up
SSTK- parabolic short watch
SAND- bounce to that 200dma and ill be looking to short this one.. got in on radar
