Mar 1 Prep

Happy March! Here are the stocks we will be looking at for potential trading opportunities tomorrow:

LONG Setups:

  • YELP – after consolidating for a while around 20 and 200dma, it is finally starting to advance, expecting continuation
  • INVN – oversold bounce setup, put in a bullish reversal bar today although volume was not convincing, expecting bounce
  • FB – bullish reversal bar with higher volume, expecting continuation
  • XXIA – has been basing around the 20 price level and 20dma, expecting a bounce
  • SWHC – nice bounce off support on higher volume, expecting continuation to 10 and beyond
  • RGR – bullish reversal on higher volume, expecting continuation and breakout to new highs
  • VRX – reclaimed 20dma today, expecting a move higher and breakout to new highs
  • MSG – constructive pullback to 20dma, followed by a bounce on higher volume, will be looking for follow-through over 56
  • MDSO – high bull flag with very narrow price action today, range expansion move likely
  • CUB – oversold bounce setup with a capitulation bar on extremely high volume, bottom was likely put in today, expecting bounce

SHORT Setups

  • PAYX – bear flag and unable to stay above 20dma, expecting downside to 32.5
  • LVLT – remains oversold yet unable to bounce, expecting downside to 19
  • NTES – has been trying to consolidate around 200dma, put in a series of lower highs and closed below 200dma today, likely downside to 50
  • DTV – bearish consolidation pattern, if it cannot hold the 48 level, potential downside to 46.50-47
  • NTAP – rejected at 50dma and closed on the low, expecting additional downside
  • SNCR – overbought short setup with a bearish reversal today, expecting pullback to 20dma

Not long ago a Wall-Street-Hedge-Fund-Finance-MBA guy, now a momentum trader. Father, husband, mediocre soccer player, numbers geek with a lousy sense of humor. Obsessed with risk management, tries hard to "make money every day"

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Posted in Long Setups, Short Setups

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