New Watchlist Adds

Added LBIO as a short. Big selling volume on the move down Friday. Should see more lows.

GREK the Greece ETF overnight here at 5:30 am Eastern is already down 13% from Friday. Almost a new technical breakdown below 9.76 already. Should be very volatile this week.

Couple Charts AOI GALE

I circled the hammer candle on AOI at the end of the flag. That's just a cool chart. The coolest thing is the value mutual fund managers who were buying because of the expected turnaround of this tobacco company have no idea what the chart looked like. Or the clean flag and hammer they were all creating. I peeked at Yahoo Finance last night and AOI put up some good numbers last quarter and expect a really good 2016. SEED has had some very positive press releases lately. Any of these could continue to follow through.

Recap of 6/23

Todays watchlist was very good. I meant to put neutral only for XNET because it was up so much already and a triangle. Actually batted 1000. No surprises. AOI was up 5.6%, SEED up 5%, GALE up 6.6%, XNET up 3.6%, WYY at its high up about 1%, POZN the short down 3.3%. I always like to catch the bull flags very early. The first 4 were early bull flags. If you wait instead for the breakout from the flag the breakout is way trickier to trade because breakouts fail and your risk is greater. It's just harder to find a good stop loss area. All of those above had very low selling volume on the down flag days.

Trading Watches 6/23

Long and Neutral bias we have in order of quality AOI SEED GALE XNET WYY Short POZN

Thursday 11th

CTIC has phase III results coming on Friday. Bull flag going here.

OHGI same as before long biased. Long bias on breakout this time over 5.04.

NUGN Short Bias

I posted up NUGN awhile ago as a short candidate. It looks like the downturn is in the works now. Currently at 4.30 a share.

Twitter watchlist

I posted 8 stocks here on my twitter for Monday. I'm usually more active on my twitter than here on this blog. I love Twitter as a stock alerts platform. I follow some good and great traders on there. Let's see how my watchlist performed. From my watchlist for Monday IMMU was a Nasdaq top gainer up 15%. OHGI was up 17%! NNVC finished up 5%. MELA up 3% and I think it wants more.

5 Year Highs

Looking at a quick screen of stocks hitting five year highs it's mostly medical and financial stocks. Most of the major brokerage firms like Schwab are at fresh 5 years. Most of the breakouts and momentum has been in biotech lately. I'm going to go on a limb here and say the biotech index hits a new high soon. IBB isn't saying new high in the chart, rather it is stalled. IBB seems pretty happy up here though.

What I'm Looking At

I haven't made any trades in atleast a few trading days. I'm still running screens every night. I've had a couple stop orders out there where the stock never moved and subsequently I canceled them. The last one was on SPXL the 3 X leverage bull S&P 500 index. The Russell 2000 looked particularly bullish as well. The setup is still there long on the S&P here. It's on trend support. If I trade any indices like SPXL I'm going undersized in the position. MTNB looks good long. It is OTC though so make sure to protect profits and sell all of position into highs.

For Wedn 27th

Strolling down my watchlists. LAYN is my first priority. MNKD is a long bias. It's in a bull flag. You can always confirm a bull flag by declining sell volume day after day in the flag consolidation. Most people will just look at price. Volume is equally important though. If it hits over 4.91 tomorrow it should run. I have three watchlists. Long biased watches, short watches, and position trades. Position trades are mostly indices, us dollar and maybe a couple stocks. All the lists are pretty small watchlists. The most I'll have on one list is 15 max. I have 10 long/neutral, 6 short and maybe ten position.

NYMX back on radar. Trend support widened out some. Trend support does that over time. It looks to be hugging new trend support. Still not many sellers on the daily volume. If it clears 1.60 it could pop.

Next one is going to drop like a rock any day now. This is a gift. Short short short. Hopefully there are shares out there.

Last short watch is VBLT. It has never held big gains well. Looking at the chart history it sells off after a big run.

LAYN Setup

LAYN is a water company and is up a lot off of the lows this year. The sheer size of the move up to this area says short bias. However, the triangle it formed will be the setup. Which ever way up or down it moves off the tip here is what counts and tells direction. Should be good for a $1 a share move.

Trading Watches 5/21

short ISR PBMD BONA MXPT Long or short NES. NES has a clean high flag triangle.