Watchlist for 3.10.017

By Madbash

 

 

TGTXThis was my big winner yesterday.  It is making new 52 week highs, but I foresee a potential retracement before going too much higher.  If this wants to push past 12.25 it should happen early today, or it will drop back under 11 before pushing on.  There is probably no play for me considering the 5cent spread, and the tendency for entire sectors to crash together.

 

PRKRI am looking for this to test the 2.25 area before starting a rebound off of the two recent red days.  This would be a great short into resistance @ 3, but the “easy” money is gone on this one.

 

DRYSThis ticker has been a rollercoaster of fun for longs and shorts alike.  I would consider a short position if this gets and overextend spike toward 3.  I think that if today is a green day it will get rejected in the 2.40 area, and tomorrow will be a big sell off. I am mostly just watching.

 

LXU  Ok.  My original best plan was to hold my ET long from 8.60 and go short in the 11 area with my IB account.  Instead I sold everything and started into a new long position too soon.  I mostly realized I was doing this, and so far this approach has worked for me.  I am looking for a reversal confirmation, and when the shorts start covering this will rise fast.  I would like to add a little when we start back up, and sell into resistance in the 11 range.

 

IMMU  Sadly I followed Tim into this trade.  I will look to sell early into the market open, or p/m if an interest develops.  First I avoided this ticker because of Mark’s comments, but then I could see the strength it had in closing.  Still, I was not disciplined and fomo’d my way into this position.  One would hope that they could obey every rule they set forth.

 

I plan to be very patient today, and choose my positions wisely.  There are numerous opportunities, but it is always beneficial to wait for the best set-ups.  Remember to cut losses quickly, and sit on your hands when the trade is going your way.  Good Luck Profit.Ly!

 

 

 

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