STOCKS FROM PREVIOUS WATCH: 

• ATOS (short) - I am watching ATOS for potential short but i want to see a parabolic move first. Beside that the volume in the last two days is smaller than it was when it had initial runnup so it might be just consolidating. Stock is also basing at higher level every day and i would love to see another squeeze for more downside. 

 

• MOMO (short) - Yesterday price-action has speed up relative to the prior days and it has topped @ $10.35. I wanted a move towards $10.50 - $11.00 but i was ok with $10.35. After the initial crack i shorted into a bounce @ $10.27 but since i was at work and i was watching the market over my phone i didn`t have enough patience to hold my short through all the day. I actually hold it half an hour and covered for $1.00 profit since stock has made a higher low and i tought that it might want to go higher and beside that we were in the middle of the day so anything can happen. Later in the day it did slooowly drop towards $9.90 but this was not the price-action i was looking for. I think that runnup is not over yet and that it will have another leg higher. I am still watching that $10.50 - $11.00 area for reshort. I really want a parabolic move and now slow, steady uptrend. 

 

• GLUU (short) - I would love to see a parabolic move (morning spike) towards $4.00 (over/under) and that it would fail at that area. This would open a door for a nice morning panic. It also has some solid resistance @ $3.90 so it might also fail at this area and not even touch $4.00. When the trend will be broken and stock will start it`s back-side move it will be a nice short into pops with the risk of previous highs. 

 

• SEMI (short) - Even though i am watching SEMI for potential short i think there is also a good probability that it will break above $6.15 and go towards $7.00. Look at the 5 minute chart and you will see a nice consolidation. If there is going to be enough volume than this stock might be headed higher. So the question is - will it break above $6.15? Don`t know. I am interested to short it if that $6.15 area will be rejected. Beside that i want to see enough volume otherwise i am not interested because it can consolidate right above that $6.15 and trade in a channel for the next few days and breakout later this week. I don`t have any interest of going long because the stock is up without any real news. 

 

 

NEW STOCKS I AM WATCHING:

• SONS (long) - This is a recent earnings winner which is teasing for a breakout above $7.50 which would be a multi-month breakout. I am only interested to buy the breakout if there is going to be enough volume otherwise it can easily top out and go back lower. Probably the best thing would be to actually wait for the breakout to accur and than wait for a pullback with a set risk of that $7.50 area over/under. 

 

• AUMN (short) - Very nice over-extended chart. Yesterday it did have a first red day with solid volume which could indicate the beginning of the end. I think this one is a good short into failed spikes and bounces. I would like to see an attempted morning spike towards $0.60 for better risk/reward. 

 

 

SOME OTHER STOCKS WHICH I AM ALSO WATCHING:

• GRPN, OCLR, MITK - Recent earnings winners and all of them are potential buys on dips. I would like to see bigger dips not just 10-15 cents. Look at more time-frames to get a bigger picture. All of them are slower movers so i might buy them and hold them more than just intraday. 

 

• FSAM, VLTC, EYES, PARN, RWLK - Those stocks were are in play in the past and have interesting charts so i am watching them all for potential setups. 

 

 

Have a great day and stay safe!

Matic