Wednesday, May 30, 2012

Watch list for Thursday 31st of May, 2012


Big red day for $SPY today so those swing trade ideas were not intact. Daily chart looks top heavy and without some good news tomorrow this probably heading towards $130 and hopefully not breaking down. Nothing announces in chat today, despite Jason took just over $5,000 on $VRNG long from yesterday's position. Below is my watch list for tomorrow:


AKSteel Holding Corp. (AKS)
I still like this stock for swing long. Target at $7.


ATP Oil & Gas Corp. (ATPG)
Down 5% today but had a good bounce from bottom. Looks like it wants to go higher and could squeeze a lot of shorts at this level.


Carrizo Oil & Gas, Inc. (CRZO)
At multi-month support and if it can pushes green tomorrow we might see some legs towards $26.


InterMune Pharmaceuticals, Inc. (ITMN)
MACD getting ready to turn here. Probably a gap down with some wash then big bounce off $10.


Sequenom, Inc (SQNM)
Again, not quite ready to bounce yet but it’s getting there and might turn sooner. See if it can hold $4 level tomorrow. Filled a gap today and bounced off that range nicely. If it can put up small green candle tomorrow, then candle over candle on Friday would be a good long.