Day Trading Lessons

Watchlist for 2/11/15

February 11, 2015

SPY seems to be breaking out of the descending triangle and VIX simmering down again. Whether this means that the bull market resumes I think is hard to say. More chop may be ahead. I'm not making calls on what the SPY is going to do per se, but I've been very cautious because I generally don't like what the elevated VIX may be signaling and the bull market is a good six years old so it may struggle to keep going.

 

 

AKAM - Earnings beat. Looking for gap up above 65.39 resistance and hold for breakaway gap play.

FSLR - Candidate for gap up tomorrow. 48.70 is a support level of interest. Next levels below are 45.50 and 44.20.

PAYC - Another earnings beat, looking for 30 support.

CYBR - Nice power candle. Looking for a second day continuation.

AMKR - I think this could grind higher above the 200DMA, but using the LOD 7.88 as a guide seems a little far. Would look for another level of support based on intraday if you want to play this.

DEPO - Nice reset back to near the 50DMA. Would use 17.25 as a risk if this dips near 18.

GENE - I heard through the grapevine that there were many forced liquidations of shorts today. Would consider short if it's available and the trend breaks.


Be sure to check out my FREE stock scanning service Momentum Stock Scans.com!