Watch List for 4.19.017

By Madbash

 

IDXGThis stock has had some shady goings on the past day or so.  There was a nice morning break of overhead resistance yesterday, but a financing deal left a good many longs holding the bag.  This could squeeze a tiny bit, but it should be doomed to the mid to low 2z over the next few trading sessions.  May be a dip buy into severe panic, but likely just watching as shares to short are scarce. 

 

NVLSThis ticker had an a/h spike on merger news.  It is fading all p.m, so it is not looking too strong.  Pharma Co, Merger, kind of low float, not the best recipe.  I will watch as many stocks can run big in the current market conditions.

 

ZENOThis ticker has a pump looking chart that is well off its highs.  There are actually shares to short at IB right now, but I don’t doubt that this could test the 2 area one more time.  I would love to short into a spike, but shares will probably dry up if this thing starts ramping.  Nice Pump to watch.

 

NADLThis recent contract winner is 50% off its one week highs.  Looking at yesterday’s doji has me thinking this could reverse today.  With volume, this could make a good buy, especially if it closes strong.

 

LXU  This seems to have found a bottom right where I expected.  In fact, this ticker has constantly reminded me that I should let the trade come to me.  All too often I change my order to buy in the face of FOMO, when my target would have been hit.  Quite eerily the price hits within a penny or two.  I have a long position both in Etrade and IB.  I will look to add into dips on strong days, and sell when it meets heavy resistance.

 

I am on the edge of PDT in my IB account.  I took out a large chunk of dough because I was overtrading, and this way I cannot risk too much.  If I do, I could forfeit my fortunate ability to trade as freely as I do.  I will do my best to wait for the best set ups, and of course cut losses quickly!

 

Join Us &

 

Apply for the Tim Challenge Here