Stock Watch 4.4.11 “Breathe in the Spring”
Spring is here and it feels real good. The days are lasting longer, the weather is better and it’s time to start trading for summer vacation money. I can smell the air in a few remote locations where I want to visit this summer and I’m ready to go first class. The site is now up and I like the look. I still have a few more tweaks but I’ll touch on that this week. The watchlist is now broken into what I’m looking at as long plays and short plays. I will be adding swing plays and option trades to the watchlists as soon as I have an certifiable swings.
New link for chat room http://thelincolnlist.com/lincolnalertschat/
Longs
CNVO
Has been building a stair stepping patter since February. Fridays close was right at previous close highs. Anything above 12.20 is a buy breakout. Allow it to establish itself first.
I’ve always shorted SIFY with success but I haven’t traded it in a while. It looks like it wants to run one more leg up. I’m looking at a $4 run by Tuesday
Shorts
Stretching out into a parabolic pattern. It could still flag or consolidate up here and be a nothing trade. I have to watch it at these extended levels as a possible short
I would like to see a run into the 1.50’s. This is also a 50-50 trade because being the first huge up day it could easily run for a day two.
Really want to lock in a short on this. It has a v swing pattern to it which usually provides a swift drop. Certainly would like to see an early morning pop
