Monday, June 25, 2012

Watch list for Tuesday 26th of June 2012


Our summer sale almost sold out here gang. Lock in your price HERE. Breakaway gap down on $SPY today. Not a good sign, because now we are in the box $132.44 - $129.26 break up or down from that range. Could go either way so this is a great time for you to take sometimes off and relax. Wait for $SPY to find its direction and short/long bias from there. But trading journal will continue trading with pure technical without looking at overall market. This afternoon I was in chat so I triggered a buy order on $CIGX 1k @$4.36 thinking hammer could form at the end of the day but now we have spinning top so I will be selling at market open tomorrow (still looks ok if you still in). $AFFX triggered 1k @$4.69 and if $4.60 breakdown I will be looking to add more down $4.40s. Join us in chat HERE for real time day/swing trade alerts.

Watch list:


Rex Energy Corp. (REXX)
Support area at $9 is confirmed but risk/reward here is not that good. So I won’t be trading this but worth of keeping an eye on.

Celldex Therapeutics Inc (CLDX)
Breakout confirmed at some resistance here but looks like it’s going to fly through. Might catch a gap and run tomorrow. Target $5.40 with stop at $4.70

Dana Holding Crop. (DAN)
Nice hammer today, confirmed at $12. Not quite 2:1 risk reward but worth watching.


Also watching: PVA ARRS BDN END WG DNN FBC HT LXP LPX MWW CPWR AVNR ARNA