Watchlist

 

Very slow today, not much action. I am still seeing a lot of failed breakouts which was a huge reason I did not buy $NVCN on the break out this morning. It went under $1.00 atleast 4 or 5 times and that scared me from playing it at first. I waited until it consolidated all day, and got in a position right before power hour at the strong $1.18 support. I missed the end of day spike, because I had a final I had to do so I sold for a small $200 gain.

 

Long $NVCN 5800 shares @ $1.1899 and sold at $1.225

$NVCN- This earnings winner broke the huge $1.00 mark today, and held its gains very well. Ended the day in the $1.40's and is currently in the $1.50's after hours. We could definitely see this continue into tomorrow. Stock is over-extended as well, so at the moment it still is a no buy, atleast right at the market open. 

$TDW- Filled the gap from about a month ago. Has pretty strong resistance in the $3.50's. Closed near its highs which can mean future green day tomorrow. Wanted a position in the $3.00's today, but saw more potential in $NVCN.

Not many stocks that I am interested in playing, If I could short sell my watchlist would have more plays on it. May have to consider opening an account with Etrade soon. 

Seeing the market last summer and comparing it to now is a completely different atmosphere. In the summer time, we had outrageous % gainers, and multiple a day. Now we are starting to see tons of failed breakouts, and I have adjusted to buying at strong support levels for minimal risk. Wish you all the best for tomorrow's trading day!