Day Trading Lessons

Watchlist for 1/2/15

January 2, 2015

Other than NRX and NDRM, I'm not finding many very active stocks of interest for intraday trading on this first trading day of the new year.  Here are 4 setups that I'm looking at for potential swing trades.

ADXS - The breakdown of the 8.25 area of support was textbook! It was almost too good to be true. Looking for 7.90 to crack next in a similar fashion. Should be a smooth ride to 6.75 if it cracks.

 

 

EXPE - Looking good for a possible swing if 85 holds over the next several days. If not then 82 is the next level of interest.

GRUB - break of the downtrend. Gets even more interesting thru 37.

 

FOMX - Continues to act well, flagging to possibly take out the highs at 7.25. I've got a small position… will add if the volume picks up.

 


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