Tuesday, May 5, 2015

Watchlist for 5/6/15

Some stocks on watch for Wednesday.
OCN- Consolidating after breaking it's range on earnings. Watching if it can hold the 100dma here and fill the gap.
SDRL- Ran up to the top of it's range Tuesday on volume. If it can break out here it may have clear air to the 200dma.
MGM- Broke below the 100dma  and basically filled the gap. See if we get a bounce here.
IP-Down big on 5x normal volume on some bad news for the paper industry. Broke the 200dma so looking for more downside. Maybe a G/R move.
EOG- Down on  big volume after earnings and below the 200dma. Looking for lower.
SSYS- Super oversold for a bounce. May not do much until after earnings on the 11th though.
SAVE- Very oversold and on support at $66.60. See what it does here.
WFM- Moved down to the bottom of a bear flag Tuesday and has earning Wednesday. See what it does there.

Sunday, May 3, 2015

Watchlist for 5/4/15

YELP-Weak bounce Friday after big earnings miss. On watch for short maybe on a green to red move.


X-Lower on Friday after a weak bounce. It's oversold but we may see another move lower before it can bounce.


 COH-Down three days in a row and approaching the 200dma. Should bounce. May need to tap the 200 first.
OCN- Tapped into the 100dma on the daily chart. Take a look at the 5 min chart here for and "all day consolidation" pattern. Looking for a break out here and a run to the 100.


XOM-broke range and poked through the 100dma on Friday. Looking for continuation.


CSX-Big run on earnings a few weeks ago with a nice pullback and range break. Continuation.