Another great session on Friday.
Luke killed it again with his day-trade alerts. We are 330+ members in chat
daily gang, come join us HERE. I
have a new feature here on my blog. On the menu tap you will see “Paper Trade
Journal”. In this tap I will be doing paper trade using ONLY daily chart to
initiate the trade with account size of $50k. I will outline every single trade
there and all my position will be there. This will take all the emotion out of
the trades but without seeing intra-day chart, buying and selling point could
be very delay.
$SPY looks like it’s going to hold
the support so I think we are heading higher tomorrow. If we finished red on
Monday or below that $132.24 I will be looking for short ideas.
Watch
list:
Penn
Virginia Corp (PVA)
If the market bounce tomorrow this
could turn back up. Right at around support, with okay risk/reward.
Arris
Grp, Inc (ARRS)
Watching $13.63 area to break for a
breakout play.
Brandywine
Realty (BDN)
Looking at support around $11
Amarin
Corp. PLC ADS (AMRN)
Looks like accending triangle is
confirmed here. Next target of $14.75 with stop below $12.80. BUT Quite strong resistance forming at $13.25 so if it gets over that area and HOLD would be a buy. Otherwise, no trade.
Affymetrix,
Inc (AFFX)
Support down at $4.55 and $4.40. Need couple
more session to tell if it is really going to turn. Making higher lows here so far.
Also watching: ZLCS OMEX PRKR ARRS
CIGX
