EQUITIES ON TRACK 03/31/14

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Market should get a little bounce soon. Hopefully Monday but it could be Tues. Of course the economy, both here and overseas will have an impact. A lot of these longs/bounces are contingent on the markets bouncing a little. Keep an eye on tech.

TNA - on watch to see if the doji is a short term reversal . Could buy near LOD 73.53 with stop at prev LOD. Watch for gap ups. Look to buy near prev open on gap. This is a tight stop.

LYV - watch above the 50day. Stop prev LOD.

WWE - This is oversold and might bounce here a little. Buy with a stop under LOD. Short gainer.

BAC - due for a green day. Entries on 15.85 hold and break of 17.19.

C - possible short under 47.

BAP - watch 136 break or parabolic move for short.

V- could test 205 but may pop a little here. Short on pops. Stop above 218.

MA - same as V. Could bounce a little here but should head lower. Short on pops with a stop above 75.20

FB - posted a hammer with no follow thru. Watch 58.58 or 62 for entries. This is looking oversold and about to hit support levels.

YHOO - watch above HOD as this may test 20day.

** AMZN - Interesting candles and level here. Should bounce if market shows some love. Looks oversold as well. Entry as near 200dma with tight stop. Watch volume.

LNKD - looks like it is trending downward. In a channel and could test 20day or higher. Don't really like this chart.

GOOG - interesting harami. Is oversold. Will it bounce? Stop under 1100.

DANG - may bounce a little. Not quite oversold. Look to see if this tests 13s qith a stop under 13 0r 12.50.

BIDU - watch a move above 151.90 stop under 200dma.

TWTR - is cheap here. Buy above 47.83 stop under 45.80s

TSLA - needs to break thru 216.44ish but it looks like it really wants lower prices. Could buy here with a stop under the 50dma.

ORLY - nice if it gets through the 20dma with volume.

PBY - could head lower. Watch the 50dma.

PRTS - watch 3's

TSL - could bounce. Watch volume and open.

CSIQ - watch under LOD 30.85.

MDT - looks like it wants to go higher. A little overbought but watch above 61 or near 60. Stop below LOD or 59.65 or 20dma.

SYK - watch over 81.


Thoughts For 03/31/14

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CONN - watch recent highs. Are these tweezer tops or a res level to break.

NFLX - definitely oversold and at a key support level, but the bounce may not be significant. Watch the low or 351 for entries. Due for a green candle.

MPEL - nice reversal candles. Watch/buy above 38 with stop under 36.6

AMBA - could get a bounce here for short term. Stop under 25.31ish.


Equities on Track

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TZA - over 15 or the 20dma 15.15 looks good.
LYV - short near 20day or under 22.20ish
BAC - bearish belt hold?
V - watch the 50dma
CANV - nice candle.
TRTC - watch the 20dma.
TWTR -watch over 51
ORLY - see if this gap holds.
PBY - watch for a pullback here.
PRTS - look for a break of 3.
FCEL - filled the gap.

Thoughts for 03/23/14

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----- PREVIOUS

YELP - could bounce here at this significant support level. Keep in mind that there are fears over China and the Ukraine. Could buy here near LOD with a stop under 81.

KR - still waiting to see what this does. Should move soon. My thoughts are it goes lower.

CIT - was a quick play. It broke out later in the week. This should pullback a little to test 200dma.

SO - still has room to go north. Watch the LOD.

----- FROM STOCKTA

DWA - hitting a pretty strong support level here. Watching for a possible bounce. Watch that 26.50 support level.

CCRN - could see near 7.50's. Watch 8.50 - 8.24 levels.

CYTR - really oversold. Watch the 200dma for a bounce or break.

FAZ - could pop back up to the 20dma.

----- FROM SHARPTRADERS

DNKN - look for a 20dma bounce.
ODFL - watch above 57.
PANW - watch the 20dma.
PII - piercing? Watch under 138.

Thoughts for the week of 03/17/14

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YELP - Called this one on Thursday of last week. Said this would bounce above 86 and it closed that day at 87.70. This printed a nice doji on Friday and help 50dma support. If market isn't completely terrible, I think this may bounce here. Might dip slightly under 85 but test 90 and even the 20day.

KR - in this market I am not certain breakouts will have much steam. I think traders are cautious. Also there has been little accumulation these past few trading sessions in KR. This might dip here, but the breakout could be taken advantage of above 44.40. Short it under 43.35 and volume. Volume is key here.

CIT - still think this is a good short here. Neared the 50day deathcross and lost steam. Also not quite a piecing pattern which is a bearish sign. Could short on pop with a stop above 49.10.

LPI - still bear flaggin so let's see what happens.

REN - Could still buy here with a stop under 7.61. A tight stop. Or stop under 7.35. It may go sideways so keep alerts ready cause you may not want to watch this one. Lol

PQ - watch for the fakeout. Posted a bearish engulfing and is overbought. Could see a short term pullback. Short on pops for a quick trade.

SO - nice three day run. Could look for a long on a dip to 43. If this clears 44...May flag though and be nice swing here.

CMRX - off of FDA drug approval. Setting new high. Watch this. RSI is overbought, but it may not matter. Volume has been pretty large on this. Where were we the last few days on this? Lol



Thought for 03/14/14

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This market sucks right now with a lot of pressure from tensions in the Ukraine and sentiment of the market being topped out.

COO - watch this at the 132.71 level. There is some support there. This may bounce at this level or a little under it. If it dips lower on volume, this will test the 20day.

KR - This is bull flagging, but a lot of BFs have been getting creamed in this market. Notice the low end of the flag coincides with recent high. This may dip below this support level. See how RSI is overbought. Could test 42 if market is still weak.

TIP - This has support at 112.54 and 112. Might test these supports if market bounces back a little. Buys are above the high 112.87 or 113.30

CIT - Might be a good short if this tries to test 200 or 50day. They are almost the same since death cross. Could also short on a move with volume under 48.

LPI - Is it bear flagging? Watch the 25 test for a possible short entry or short under lod and volume. Death cross and more room to downside. Could test 24 easily.

NBL - may be a nice short under the 200 day or pop to 67.80ish or 20day.

REN - Looks like this might be tweezer bottoms. Tough call in such a crappy market. Could buy here with a stop under 7.61 lod. Or short under LOD to test 7.35. Notice that it is oversold though.

TAL - has room to go lower. Short on pops as this could test recent base low.







Watchlist for week 03/10/14

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AIV -  looks like this filled the gap and could go higher. Can buy at the open with a stop of 30.40 Be careful of a test of the 20day.

GIS - looks like it is flagging here. Could breakout over 50.85 day high. Watch RSI as this could be overbought and pullback to test 50.30.

HTA - could pullback here as it is overbought. Could short at 11.55 for a quick trade to 11.20. Or buy around 11.20 or a big volume break of 11.55.

NNN - see if 34 holds. Or look for a break of 34.53 or 34.65. I doubt this goes under 33.5

PDS - looks like it can run but it is a little overbought. The break is above 11.10 but this could see a pullback to 10.60. Be quick.

RENN - the buying volume was huge on that big move this past week. Could test 4.10 or even 4. Tricky one.

RECENTLY REVIEWED

ANH - looks like this pulled back as expected. Bounced nicely off the 20day. Could enter here with a stop slightly under the 20day or wait for move with volume above 5.25.

BTG - looks like it can dip some more. Watch for a move with volume under the 3 mark.

DRE - Didn't realize this hit 17 the day before my post. Took a dip as expected, but this could see 16.25 so be careful. Could buy here or around 20day of 16.45 and a stop slightly under 16.25. Breakout is above 16.90

KIM - Pulled back as expected, but this could still go south. Could buy here with a stop at 21.50. Or scale in here, then at 21.5 if it hits or above 22.25 and volume.

MAC - disappointing move under 61, but the price action is not justified by volume. Hope to see this pop back up. Could buy or add here with a stop under 59.70

GNC - made a small gain on a quick short, but this chart looks lousy. Expect this to go sideways.

PVH - I still think this may make a nice move north, but keep a tight stop slightly under the 50day with volume.






Thoughts 03/06/14

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ANH - looks like it needs to rest here. Could short for a quick trade under 5.16.

BTG - had a nice break out above 2.93. Looks like it can go higher, but is reaching overbought levels. Keep an eye on volume and the 3.08 level.

DRE - looks like it really wants to rest here. May pullback to 16.35 and form a cup with handle. I would like to see 17's before I short this. Then track it for the next leg up.

HL - don't really like the chart, but it might run if it can get thru the days hi 3.54 with some volume.

KIM - looks like it can break the 22.83 resistance and march toward the year high. In the short term it may pullback to 22.30 or 22.

MAC - looks like a buy at 61. Nice base over the past few months with a decent breakout. Tested new support and kept going. Hitting overbought levels so it may test 61 again or run past 61.90 for a nother buy trigger.

GNC - an ugly chart, but I think this goes lower from here. Watch out for a move above 49. Look to short under 48.

PVH - watch for a move under the 200day and volume or a break above 127.13