Wednesday, September 5, 2012

Watch list for Thursday

$IMH for a short on green to red if a gapper tomorrow, or on late day fade. Low volume, careful.
$NTE short only on big parabolic move, green to red if a gapper (30c+) , late day fade after nice base. DO NOT SHORT just because bid was taken out. It need to loose balance to go lower. Afternoon fade will be a safe entry. Be really selective with this one.
$ZLC for a short if a gapper (20c+) on green to red, parabolic; late day fade after a nice base. DO NOT SHORT just because bid was taken out. It need to loose balance to go lower. Afternoon fade will be a safe entry. Be really selective with this one.

$RPRX on watch for a short on gap, afternoon fade. Low volume, careful.
$VTUS for a long as a continuation pattern, on volume.
$YRCW for a long as a continuation pattern, on volumeFormer runner
$ALSK long over local highs on volume