Watchlist for January 11, 2019
A Little Background
I have a lot of watchlists. Like seriously a lot. I probably have 1,000 tickers whose charts I look through every day just to watch them move and find plays setting up. Most of these tickers are separated into various sector watchlists. This way I can quickly find sympathy plays if some sector starts to heat up. To keep things reasonably under control during trading hours I have one dynamic watchlist which I update every day/night. This watchlist is the one I keep an eye on at all times during the trading day. My main watchlist is broken up into 4 parts, basically 4 separate watchlists. These are each grouped together and can be individually sorted by % change, $ volume, volume, etc. The four sections are Overall Market, Daily Watch, OTC In Play, and Listed Runners.
In my Overall Market section I have the futures contracts for the main indexes plus a couple other futures contracts, Gold and Oil. This Overall Market section is pretty much static and will give me a view of tone of the market for the day. The rest of this watchlist varies day by day.
ES, NQ, YM, RTY, CL, GC
These are my main tickers on watch for a play today. I watch a lot of others tickers during the day, but I likely won’t play anything that isn’t in this section of my watchlist. These are generally plays that are setting up for a possible breakout today.
PASO - I’m still in this play from my trade a few days ago. It’s still on trend, but getting to the point where it is going to have to make a move up or down soon.
CRMD - I’m watching this one for a breakout over 1.85. If it makes it over this level I’ll let the price action guide my play. There is overhead resistance all the way up to 2.40 so I won’t just jump in because it breaks this recent resistance level, this will depend a lot on the feel of the breakout.
GNBT - Watching the 1.80 level, but like a few other tickers in this section, there is recent overhead resistance so I won’t necessarily play this if it does break out.
EWLL - Watching this one for a break over 0.25. I’ll be hesitant to enter too early though, as there is a lot of overhead resistance from its move in early Dec.
OTC In Play
This section of my watchlist is composed of tickers that are generally setting up for a breakout. If not that, then they are just OTC tickers, for the most part, that have made some moves very recently and I am watching for any type of play that I have a quantifiable edge on. I’m usually not looking at these for a trade today, but they may set up for a trade tomorrow, or next week. And if they set up for a trade today, then at least I have a chance to catch them quickly and already be familiar enough with the chart to not need much time to make a decision on entering a trade. Because these are not set up for me to play right away, this section will just be a list of tickers I’m watching in order to move them to the section above when they put in a good day that sets up the play on the daily and hourly chart.
SHLDQ, CANB, PROP, KSHB, CVSI
These are all listed stocks that have generally made a 50%+ move in one day within the last two weeks or so. I’m not a consistently profitable trader with listed stocks yet, so I’m not going to give my opinion on possible trades here, but these are the listed stocks I’m watching.
ANFI, DCIX, SAEX, ADIL, BTAI, VTVT, AXSM, CLPS, YUMA, CHFS