Stock Watchlist 12.23.10 “The Eve”
Watchlist HDY SQNM BXS ACOM ZOOM UCBI
Scanners HTCH
Previous Watchers. MCP REE IGOI EXEL SOMX XOMA
Last day of this short week. Kinda hard to tell what we are going to get but there are some pretty interesting set ups anyway. I’ll be working on some training video’s over the holiday covering topics like set ups, stops etc. So if there is anything you would like to know in particular send me an email. I do wish you and your family a great holiday season and relish the time away from the computer. Happy holidays.
HDY
Another repetitive pattern just gone ballistic. Sometimes it’s hard to keep up with all of these. I have to remain neutral on this one. I certainly would like to short but it may pop in the morning and squeeze the early shorters. I’ll give it about 30 min from the open and then decide.
SQNM
Solid technical breakout from recent highs of 7.50. Use that number as a baseline. If it stays above it buy the pullbacks. If it falls below and fails to rally back, short it.
BXS
Pulled up from a scan and the chart looks sizzling. It’s an NYSE stock so I’m not excited about shorting. I may but it if the action is strong and the pattern is inching.
ACOM
Like the fades and fails from the $30 highs. This thing is struggling up here which makes a short a great rr trade with a stop at highs.
ZOOM
Nice play for a couple of subs in chat. This was a monster win and a good start for our new friend “bender”. Now that this has ran there seems to have been a nice pull back. News is too positive to short right now so I’m looking at a long off consolidation.
UCBI
Chart is moving strongly out of it’s base. There were some nice entries on this Wednesday but I was to slow to get in on it. I will pay closer attention Thursday
HTCH
