Market Notes:
Last Thursday market had a big gap down and sell-off. Japanese candlestick charting refers to these gaps as a window. Once you open a window it can be very hard to close it. Yesterday despite bullish efforts that window remained open.
New unemployment numbers are due out this morning. This number could be a catalyst for the overall markets. I'll be watching it this week.
Bears are making an effort to retake control this morning. Futures are lower as I write this but choppy.
I'm still staying cautious. But willing to take perfect setups. There's still plenty of money to be made out there.
Watchlist:
CLWT is a low float, resistance at $4
ARTW is a low float, watching for a setup above $4
AMS is a low float, support likely at $3.50
LYL is a low float, watching for a setup above $2.20
AFH is a low float, on watch
MLND is a low float, resistance at $3.40
KIRK is a low float, support at $2
NLS is a lowish float, I'll only buy above $8
WTER has resistance at $1.80
AFMD watching for a setup above $3.75
IDEX has resistance at $2.40
MNKD has resistance at $2
Hello, I am a new TS Trader and I have been reading your watchlists to compare them with what I get from the screener on STT. I don't seem to be getting the same stocks. Can I ask you what you are setting your screener for? Are you looking to buy the dips at all?
@StevenLaPidus I setup my own custom scanner using thinkorswim. I look for srocks between $1-10, 1 million shares min volume, 10% min move. From there I look at the charts for uptrending stocks breaking to new highs. I only buy breakouts, no dips.
thanks!
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