$SPY for a pretty nice green day today in the market but very weird day as a lot was red and today seemed pretty slow, at least for me in the first hour and a half. But testing resistance at the 205 level again.
$AHP had a breakout on the daily chart above the 11.25 area. I want this to have a weak open under 11.50 then make the move over the half dollar mark and look for a play into the $12's. Also filed an 8-k today and hld a nice trend throughout the day. If the trend fails to continue will look to short it back under 11.
$WATT was a nice gapper today. Could have played it either way intraday. But looking at the overall chart it was a nice breakout over the high 9's and intraday formed an ascending triangle, and had a good close. Will look for a play based off of the top of the triangle which is at 11.25 so will trade based off that area which was also near the highs. Had news on development agreement so will see if it can carry the trend into tomorrow to set up for a long.
$ARWR is a chart pattern play as it is consolidating under the $5 area and has touched it multiple times. Closed near the highs today and has been forming higher lows so if this can get the volume and break above $5 could go for a 20-40c run so will use $5 as a guide.
$VCEL is a former runner as can see by the chart. It looks to be forming a rounding bottom on the intraday 5d:15m chart. Formed a base in the 5.30's. Had a form 4 today and some news about a review of their positive phase 2 study. Will be watching this using whole and half dollar marks as a guide. More likely to probably play the long side but wont hesitate to take a short if sets up for one.
$TMST still forming the ascending triangle. Will use $9 as a guide as the triangle is getting tighter and tighter and this could break out most likely but could fail and break down. Looking for a long based off the $9 dollar area. Best case a week open with a r/g move and the $9 break
Will watch some gold plays possibly like $JNUG and $NUGT as gold was up today so if it is up again these types of stocks in the same sector can run and have all been basing in the same area on their charts as well.
ARWR is going to be a good one! Nice find =)
can you share your finvix filter settings. Thanks
@dallasteche Yeah man no problem I have a few of them. I use the ones Nate Michaud has that he put in his tandem trader DVD. Then I have an overextended scanner that you just go under performance and and you can click the performance week setting and it will put the biggest % gainers on the week at the top. And the last one I created is small cap under 2 billion, float short 20%, under $10, over 200k volume, and over 2 relative volume.
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