Stock Watchlist 1.19.11 ” Keep it Simple”
Nice start to the week. Tuesdays trades listed. Broker verified trades here http://thelincolnlist.com/performance/
MGIC ( +400) KLIC (+380) TTMI ( Flat -35 com and loss )
This is a different kind of watchlist that before, lets call it a game plan. I could post about 30 different breakout charts with my opinion on each but do all that work when there are about 40 on my watchlist that are still in play.Keep it simple, right? Here is what I’m looking at for Wednesday. There has to be a moment in the very near future when the parabolic runners get chopped. That’s just the way the market works, look at HDY, REE and MCP. What we don’t want to do is miss these mega corrections.
Tomorrow I’m starting out with IBCP SIFY REDF BRKS NANO SANM TTMI all as short watch. One of these should bounce some in the morning followed by a significant fade and that’s the one I’m taking to the prom. Most of you should be familiar with these plays. Make sure they are on the front of the board tomorrow. Oh, and I threw in a few others for you to look at anyway.
I really like this as a long on a continuation past 5.60. If it gaps up wait for a pull back and then a second crack at the highs.
I like this one to move into the $5’s followed by a $5.25 run. This is also a very good risk reward trade with a stop in the 4.50’s
This is certainly a stock I would have loved to buy a few days back. Look very toppy but I’ll remain neutral on it until I see the morning action
Up huge on positive drug study. It was able to hold most of it’s gains Tuesday and I know a few in chat took this trade and it was a nice one. Should continue tomorrow for most of the session
