If the market continues lower from passing below the 50MA on Friday then I will be watching FCX for a short during the breakdown below $10.30 support level. This is mirroring the market being that it has also crossed below the 50MA, will be watching the market to see my move on this one.
$BABA has been grinding up forming higher lows and forming a clear resistance line, i'll be watching for the breakout tomorrow.
$MCEP has been parabolic and is near the past resistance @ the 3.50 level. The RSI is around 81 and is extremely overbought, I will be watching MCEP right out of the gate for a confirmation of the short. Keep an eye on this one tomorrow!
$CTRP recently broke out of resistance, so i'm going to be watching for a possible red to green move right out of the gate tomorrow morning!
$CLF has been forming a flag pattern along with trending above the 20ma. Keep a close eye on this stock tomorrow for the break to the upside
Today was the first down day from the parabolic move, nothing too significant. Watch the daily chart tomorrow for the breakdown of todays low at 8.60 area.
$LABU has been forming higher lows and slowly grinding up towards the 7.95 - 8 resistance level. Will be watching on Monday for a breakout above Fridays high.
$LABU has been forming higher lows and slowly grinding up towards the 7.95 - 8 resistance level. Will be watching on Monday for a breakout above Fridays high.
In the morning I will be watching for a green to red for another short opportunity, but careful because if it gaps down then could be a long opportunity. Keep stops tight!
Market had a big sell off today, will be watching $SCTY tomorrow for a green to red short after the open
$HRTX finished with a strong close, has tested the top nearly 6 times with recent bounces off of the 13ema forming higher lows. All of these signal a stronger potential for a breakout above the resistance. Keep on watch for tomorrow
$CYTK has been bouncing of the 13ema on the daily chart forming higher lows, watch for the flag breakout with a stop under the 13ema
Watching for a breakout of resistance around the $30.60 area on $HRTX, has tested the top 5 times, making higher lows, set stops tight depending on market condition after the holiday.
On the daily chart there is a clear bull flag which is also testing the previous top in September, this chart has passed over the 50ema and is forming higher lows. My stop will be at $8.40, and in the morning I will be looking for a red to green move, or a breakout above the previous days high at the 8.80 level.
has been running the past 3 days, starting to bottom out with lower highs. anticipating the crack