Stocks I'm watching tomorrow, 4/6/15

I disprove highly of you using a stupid blog. I will do it for you since I am your new second account:

Fixed it because he keeps spamming his stupid blog:

Hey y’all!

Happy Easter and hope everyone had an awesome weekend! I had a kickass week last week with a 70% win rate giving me 5 out of 5 days in the green. Even cooler, almost every trade I took was from my watchlist including FWM, FOLD, GENE, GMAN and more so it was all planned out here so others could follow along and take the exact same trades if they did their homework and read these posts! The more I trade, the more I find it’s really important to stick to your plans when day trading because things can change in a heartbeat and if you don’t have a systematic approach you’ll end up chasing your own tail. I’ve seen this again and again both in the traders that I mentor as well as in myself! Whenever I look back at my worst days, they almost always happen because I either deviated from my plans or I didn’t have a plan at all. So last week was great in that respect and I’m very happy with the way everything worked out. Here are my plans for tomorrow:

NYMX:

This stock is getting extremely extended, up over 160% in just three days. I think it probably has one more push in it before it starts to roll over given the way it closed, but at this point I am only considering it for short trades. My plan on it for tomorrow is to watch for a morning push through this $1.85 resistance from Thursday, into the weekly 2009 lows around $2.20. I will consider shorting any push through $2.00 that has some force behind it, but will give the stock room to move to $2.50+ if it wants to, and will add size once I have a winner. If it doesn’t go parabolic through the $1.85 resistance I will wait until it shows a topping pattern and short the back side of the move instead of trying to pick the top on a non-parabolic grind move.

IBIO:

I started a swing in this in two accounts on Thursday, a small piece in my Robinhood account and also a starter in my day trade account (a swing in my day trade account, I know…lol). I really love the volume this showed on Thursday mid-day and plan to add a lot more if it holds $0.75. My stop is $0.70 and I think the stock probably needs a $0.82 break to really get moving, but I’ll be adding on any signs of support holding as well as signs of intraday strength. My current average is $0.7890.

AXN:

AXN has a really bullish pattern developing on the daily. Strong intraday action on Thursday and a nice volume expansion tells me this can go higher, especially if it breaks $2 and holds. I’ll be watching for a weak open and/or pullback to the $1.75-1.80 area to buy long for a red to green move with a stop at $1.68. Target is $2+.

SZYM:

I’ve been watching for this one to come off the bottom for several months and I think it might finally be getting ready. I’m looking for any strength through $3.00 to get long for a swing trade up to $3.50-4, though I may anticipate it at $2.85 – $2.90 if it gives me the chance and a good indication of strength. The stock most likely needs to break $3.10 with force to get moving. If you plan to anticipate, I’d just recommend using the 15 min chart to find a nice support line to buy off. You’ll see it’s in that same $2.80 – $2.90 range I mentioned. Stop on any anticipatory buys should be $2.70 for tight, under $2.50 for loose.

That’s it for my focus list. I’ve also got the following in the back of my mind:

CORT – Still flagging on the daily. Probably needs $6+ to run NPTN – Covered more of my swing short from $7.21 at $5.82 on Thursday. I’m holding 1/4 size with a $5-5.50 target and not opposed to adding back if it bounces ARQL – Daily flag pattern developing, could pop over $2.30 VHC – Nice daily bounce area and strong close. Watch the $6.50 area to see if it holds up. If so, possible r/g move through $6.62 to $7+ ABMD – Nice bounce area on the daily and intraday very clean breakout spot at $70.75 QUNR – Possible parabolic short soon HLF – Bull flagging on the daily DRRX – Clean 3 day pullback after daily breakout. Possible bounce NEON – Huge daily level at $3.50. If it breaks I can see $4+ very fast DGLY – Possible r/g move off Thursday news (though personally I thought the news was pretty lame) DSKY – Bottom bounce play, intraday flag under $7.32 and nice volume expansion on Thursday. Watching for continuation upwards BONA – Big weekly breakout level near $8. Possible r/g move through $8 By the way, I also finished recording my new beginner’s guide to the stock market this weekend and I’m in the process of editing it, after which it will be posted to the site! This will be a 100% free video class about an hour long that covers everything a brand new trader needs in order to get started. Keep an eye out for it in the next week or so. I’ve also got a couple openings coming up in the near future for new one on one mentoring relationships so if you’re an active trader and want to tweak your strategy or take it to the next level, shoot me an email at [email protected] and let me know what you’re looking for. I have a couple people who will be finishing in the next couple of weeks and once they’re done I’ll be open to new students. This is a really personalized service that covers literally every single thing I know and since I do everything one on one it fills up quickly and only becomes available every few months, so if you wanna get in on it please let me know as soon as possible so we can start planning it out!

That’s all I got for today. Now, go make some moolah!

Chris

/r/StockMarket Thread