NoanetTrader

Pre-Market Huddle (Aug 26)

In Just Rambling on August 26, 2013 at 8:36 am

The S&P is trading basically flat right now and I am expecting another choppy week without much momentum or follow-through.

This is my least favorite market to trade because, like last week, I will likely get chopped around and stopped out of a lot of trades. Therefore, for me the key to surviving these market conditions is trading less and focusing on a small list of stocks.

The following is my morning momentum watchlist:

  • TSLA – apparently going to the moon
  • SSYS
  • AVNR
  • MRGE
  • ANR
  • ATHX
  • FCEL
  • BIOL
  • JRCC
  • MNKD

Good luck.

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Aug 26 Lo-Hi

In Lo-Hi Setups on August 25, 2013 at 11:28 am

Here are my favorite lo-hi setups. If you like to trade stocks in this space, you should make sure to check out my partner @vegastrader66′s videos. The link to his blog, Alpha Wolf Capital, is at the bottom of this page. The link to his latest video is here.

  • ANR – 6.40
  • ATXH – 1.86
  • AUMN – 1.55
  • BIOL – 1.87
  • DSCO – 1.74
  • EJ – 6.30
  • EMMS – 3.21
  • END – 5.32
  • GSS – 0.77
  • GURE – 1.77
  • HNR – 5.10
  • HNSN – 1.72
  • IMMU – 5.74
  • IQNT – 8.02
  • JRCC – 2.18
  • KWK – 1.71
  • MTL – 3.12
  • ONTY – 1.78
  • PTIX – 3.12
  • SKUL – 5.76
  • SONS – 3.52
  • STXS – 3.91
  • ZHNE – 2.51

NOTE: The above are “Low” priced stocks with the potential for a “High percentage gain in the next trading session. Each has a bullish setup on the daily chart and includes the price point which may signal a possible start of a move higher. My objective is to find 3-5 with the best price/volume action and trade them as well as consider as swing positions.

Aug 26 Prep

In Long Setups, Short Setups on August 25, 2013 at 7:38 am

As we enter the last shortened week of summer trading, I expect that the choppy conditions from last week will likely persist. However, the indices should continue to grind higher: I think the S&P is likely to reach 1670-1675.

LONG Setups:

  • ACAD – (if I had a dime for every time I mentioned it in the last couple of months…) the wait for the range expansion move/breakout continues
  • AMBA – bullish bounce off 14 with volume, expecting continuation toward 16
  • ANAC – powerful looking bull flag on daily, will be looking for a move through 11 and to new highs
  • BYD – gap-close flush on Wed shook out weak hands, seems ready to continue higher through 12
  • CF – big well-defined bull flag, expecting a move through 195 and a swing target or around 205
  • MKTG – bounced off 14 and 50dma after some consolidation, will be looking for continuation
  • OVTI – progressively narrower consolidation between 16 and 17 likely to result in a range expansion move toward 18
  • OWW – seems to be done consolidating and is now ready to bounce toward 11 and beyond
  • REGN – found support around 230 and now flagging for a push higher into resistance in the 245-250 range
  • RKUS – narrow consolidation around 14 and 20dma, will be looking for a move through 14.50
  • SLM – 25 continues to be a major resistance level, expecting a move through it and breakout to new highs
  • SNTS – constructive pullback to 50dma, will be looking for a bounce toward 26
  • VHC – bull flag, will be looking for a move through 22 and toward 24
  • VNDA – bullish bounce off 11 and 20dma, expecting continuation

SHORT Setups:

  • AAPL – has been able to hold the 500 level so far, but still looks tired and in need of a pullback to 20dma
  • BIDU – daily chart starting to look toppy, if it fails to hold 20dma and 135 level possible pullback to 130
  • GOOG – possible small bearish reversal bar on Friday. If it can’t stay above 870 could be setting up for a retest of the 855-860 level
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