Hello everyone,

I have not been making any watchlist for a while now and i will try my best to post my watchlist every day again starting with the new year. At this point i also wish everyone a healthy and a very successful year not just with trading but in all fields. I have a good feeling that this year will be special. 

I am also very excited to see Tim trading just with 12k because i would really like to see how he is going to deal with PDT and patience regarding taking profits to soon. Taking profits to soon is big issue for me because many times i get scared and i make irrational decisions. I must say that in the last 1-2 months i have made an improvement regarding this issue but i still have a long road and i really think that me watching Tim trading with only 12k will help me a lot!

I am also very thankful that Tim has decided to make such a bold move and i really appreciate that. He has shown that he really want`s to teach people how to be successful in trading and he does not care about the trading profits. There is not much people in the world who thinks and do things like Tim so thank you Tim. You are the man!

So...

STOCKS I AM WATCHING FOR TOMORROW ARE: 

• LEI(long) -> Even though LEI had a crazy move on thursday, many times we see a follow up spike the next day. This is a very, very low-float stock and on thursday the entire free float has rotated several times which means that this stock can set a base (support) at higher levels and it is not so important that it has came up from high $1.00. This is a very speculative trade but i might be interested to get long in pre-market if the volume will be light and stock will held above $6.50 area. In case this will happen than this stock might retest the thursday highs @ $10.65 and it might go even higher. 
• LEI(short) -> Probably IB won`t have any shares to short but in the long-run this stock is a potential short. It might have a gap-down tomorrow so in case it will gap-down i am interested to short into a morning spike in case it will fail to go green on the day. It might also have another morning spike and in that case i am interested to short it if there will be signs of double-top. I am definitely not interested to short it around $8.00 because it is mid-range and risk/reward is not good enough for me.

 

• CMRX(long) -> I played this one on thursday for a small profit. Small profit was because i sold my position way to soon. I was buying a morning breakout but i was selling a few minutes later because i tought that b/o was weak but after 30 minutes stock spiked for almost $1.00/share from where i have bought. What i am watching now is a weak-open to buy into. Looking at the daily chart it tells me that this stock usually has a weak-open which is later being bought back up. There is some support @ $8.70 area and $8.50 area so this are areas which it needs to hold to get me interested for a long. 

 

• VUZI(long) -> Vuzi has made a multi-month breakout last week but the stock is very choppy and i am not sure if it will be able to stay above the breakout area tomorrow. It has actually closed on thursday right at the breakout point. I am interested to buy it if there will be a lot of volume tomorrow and it will hold above $7.50. In case $7.50 will crack we have another area of support @ $7.00. Since it is a choppy stock i would not be surprised to see it came down to $7.00 first and than breakout again towards $8.00.

 

• AMID(short) -> Stocks has came up from $4.00 to $8.00 but it has a terrible longer-term chart and potentialy it could make a double-top @ $8.30 tomorrow so what i am watching for is a failed morning spike. There is also a possibilty that it will have a morning panic from the start. I will base my risk from $8.30 area over/under. I think this one can have a quick drop so i will need to be fast with executions. 

 

• VPCO(short) -> Marihuana stock which had much bigger than average volume in the last few days of december and now it is finally rolling over. I would be interested to short into a failed morning spike  and my risk would be based at @ $0.72 area where is the first major resistance.

 

• There are also FXCM and ROVI which are in play in the last few days but at the moment i don`t see a clear setup what to expect so i am not going to comment. Just putting them on my watch since it might offer us some trading opportunites so i am going to watch them and observe the price-action. 

 

This would be it for tomorrow. I have decided i am going to try to put less tickers into my watchlist because many times i got cought in watching to many tickers and i am not focused on the best ones so i am missing trades because of that.

Once again wish you all the best in 2016, study hard, be prepared and most important - stay safe!!! Don`t be stubborn and cut your loss fast if wrong.

Matic