Watch List Cleanup

I need to remove a lot of the recent winners and make room for new setups.

Coming off the list after huge ganes:

• PEIX – up 64% day after being added to WL.
• BCRX – up well over 20%
• EPEX – up over 40%
• EEE – up over 20%
• QTWW – up over 40%
• OCLR – up over 20%
• CKR – broke nicely out of triangle.
• CTIC - up over 10%
• CTS – broke out of horizontal resistance. up 16%
• ABD – up 21%
• HW – up 14%

Coming off the list for lack of interest or failed to satisfy setup:

• CYTR - may have more (added 9% after being added to WL), but I don’t like the pattern. Little too messy.
• RAD – setup isn’t too bad, I’m just losing interest.
• CVM – chart getting messy.
• NFP – Not looking so healthy.

Tags: ABD, BCRX, CKR, CTIC, CTS, CVM, CYTR, EEE, EPEX, HW, NFP, OCLR, PEIX, QTWW, RAD

Watch List Update

Well, as we saw last week – biotech/pharma stocks where big winners today.  We also saw some impressive moves in some of the penny financials.

From the Watch List:

$STSI – looked good today and may have more to offer. I’ll be watching this one closely on Tuesday.

$RAD finally had a breakout day and I finally took profits.  May be more, but I’m out.

$GNBT – I had to take a position here – great job holding trendline and the volume was fabulous.

$DPTR – Still worth watching, but I’m losing interest until it moves strong through 1.87

$GA – blah

$BCON -  I like BCON here (against MA20), but would prefer to have seen some volume.  Still might take a small position if it moves through resistance.

$SONS was a perfect play today – what a great move through MA200.  Nice.

Tags: BCON, DPTR, GA, GNBT, RAD, SONS, STSI

Portfolio Update

• Still holding $AMZN. Near my stop.
• I finally sold $RAD for 13% profit. There may be more to the upside on this triangle, but no need to be greedy.
• Bought some $GNBT this morning at .66.  Currently sitting at .72 in after hours (up 9%).  We’ll see how it goes the rest of the week – should be interesting.
• Bought $ESLR ahead of Thursday earnings – real spec play here.
• I would love to have jumped in other biotech/pharma stocks today – just didn’t have time.

Tags: AMZN, ESLR, GNBT, RAD

Getting Ready For Monday

Few economic calendar events that I’ll have my eye on:

• $HON earnings
• $VZ earnings
• $ICO earnings
• $AMGN earnings
• $PFWD earnings
• New Home Sales 10:00 AM ET

Overall, I think the market looks top heavy and I believe we are due for some retracement or at least some consolidation.  Having said that, I play for the day/moment, so I’m not too concerned which way it goes – I will prepare for either direction.

If the market looks weak:

I’m a fan of $GOOG, but we’re a little top heavy and at horizontal resistance.  If the market shows weakness, I might short and look for move down to 425 range.  I still think GOOG is a long-term winner.  $AMCC is trying to lose support under MA50.  Might be a short candidate, as well.

(more…)

Tags: AMCC, AMGN, BCON, DPTR, FNSR, GA, GNBT, GOOG, HON, ICO, PFWD, RAD, SONS, STSI, VZ

Portfolio Update

• Sold 1/2 of my $AMZN position for 5.61% gain.
• Still holding $RAD

Tags: AMZN, RAD