2/29/16 Watch

MOMO / SGMS / KEYW / ELMD / GEPN / TSLA

50 DMA overhead as well as 200.  If tops out at 12, looking for the flush to 10.50 gap fill.  Think more upside though, so don't want to step in front of.  Ideally 13 push.  

Hopefully another test of 7 before fade.

Higher the better

Like to see 198/200 test. 

Looking for the parabolic move, or lower high.

weak open, r/g



additional weekly watches.  

SUNE / LOCK / VSLR / ZIOP / LNG / RWT / FEYE / HMY / PTCT / EA

Week recap

Decent week trading.  Found my strength is the market open until around 10:15.  After that point I found myself adding to a loser and diminishing my morning gains.  I was reading the opening moves really well and would usually take the trade completely off before 10.  After 10, I found myself trying to get back in thinking more down side, then would add pops and get smoked, turing my winning trades into flat, or losses.  I am going to really focus on stepping away after the initial morning moves.  Once a stock puts in a bottom, time to move on.  

2/23/16 Trades

NFLX / CENX / SCTY

NFLX- Plan was if 91 held, would take it long for the r/g move and test of 92/93.  Sold partial 92.13 and rest 92.28 when looked like it was running out of juice.  SPY was also looking weak, so switched my thinking to short side.

NFLX- when it couldn't break through 92.50, got short thinking 90 flush.  covered some bit too early, thought it was holding 92.  covered the rest 90.58 since thought it was going to base for a while.  tried to get short later around 90.32, basically cut it off for even when started griding up.  Ended up fading late day and cracking 90.

SCTY- Started short 18.62, was thinking maybe double tops and fails, but was ok with it going to 19.  Added more 18.50, in hindsight was a pretty poor add since it held a higher low.  Probably should have just covered that add right away, but given the company and daily chart, I felt ok with it going against me some.  Added more into the 19 pop.  Covered along the way 18.47, 18.25 and 18.  Still have 100 short with 18.65 avg.  Plan for the morning is to cover some if big flush in the morning, and looking to add on pops toward 18.50 if it gets that high. 

2/22/16 watchlist

NFLX / SCTY / TSLA / TRXC / ELMD 

NFLX - bear flag, looking for short pops with risk 91 o/u.  Hoping for a 90, 91 test in the morning, short g/r.

SCTY- bear flag, shorting pops, with risk 19 o/u.  Hoping for a 19, 19.20s test in the morning, short g/r. 

TSLA- See how it opens, if opens weak and 165 holds, looking to get long for 170 push.  If it pops up into resistance at the open will short for potential 165 crack.  

TRXC- finally cracked 4.  Looking to short pops toward 4 with risk 4.30.  

ELMD- higher the better.  Looks like it is flagging to me, might have a push through 4.