Today took a huge 13.49% loss on extremely large volume. Remove from watchlist.
WATCHLIST: Add LCUT(3) [UPDATE]
It keeps being rejected each time it crosses over 18.50 resistance and weekly and daily strength indicators are strating to show weakness. If the weekly MACD crosses down, close the position..
WATCHLIST: Add GSL(1)*
Looks like a good turn around play. The previous 2Q’s were bad, but the MRQ saw a big recovery with quality earnings. Those 2Q’s were bad EPS misses which cause an average 2.91% EPS miss. R has actually staued consistent. NI took a hit, but rebounded well, same with CFO. Margins went down, but also…
WATCHLIST: Add MTSI(1)*
Fundamentally look like they are in a transitory area. Possibly a turn-around moving into a more stable financial situation and into more consistent profitability. Their EPS is only and average 7.71% beat, but has grown QoQ. Their R has also shown consistent growth QoQ. Their NI has been very inconsistent 2Q over the past year…
WATCHLIST: Add SIRI(2)
It went up a bit after executing my order. It’s much the same as before with good daily strength, but weak weekly strength. The support is at 6.10. Wait until it closes back below that to add. It’s still right at the down channel resistance with all the MA’s just over that. If it should…
WATCHLIST: Add AES(3) [UPDATED]
Yesterday did what I expected and bounced a little off 22.70 support, but didn’t act very strong. I was using XLE to help manage this position, but this is not in the Energy sector. It appears to be an Industrial. I need to monitor XLI. XLI looks weak, but did close just over it’s resistance….
PENDING: SIRI(1) 10% Short
SIRI added two consecutive prints today, both over 1m shares at 6.13. The price is right at the convergence of the 20SMA and down channel resistance. The daily strength looks good, but the longer term weekly is weak. I used a 5y chart to plat some support at 6.10, which is right where it closed….
WATCHLIST: Add AES(3) [UPDATED]
XLE went down and AES also continued down with increasing volume. However, now its right at 22.7 support. I’m expecting some bounce off that. If there is and XLE doesn’t recover, short the remaining into the strength.
WATCHLIST: Add STC(2)
Today made a new ATH, but then reversed soon after. It closed at the low of the day on increasing volume. It’s heading for the next support level at 62.50. Watch to see how it reacts there. If it breaks, then the pivot at 59.80 is next.
WATCHLIST: Add LCUT(3)
Yesterday looks like it was a false move. Today got rejected above 18.50 resistance and closed at the low of the day on increasing volume from yesterday. I’m expecting another retest of the pivot arount 17.16. Depending on how it reacts there, add he remaining 40%.
PENDING: STC(1) 20% Long
Today made a strong move off the 62.50 support, which is what I was watching for. The daily strength is gaining momentum as is the weekly. Place an order just over the high of the day. But, the price is close t ATH and overbought conditions so only buy 20%.
WATCHLIST: Add AES(3) [UPDATED]
XLE closed with no gain below it’s resistance, but hard to tell if it confirmed or rejected yesterday’s potential reversal candle. Meanwhile, AES closed lower again on consistent volume. Remain watching for XLE reversal confirmation, or AES retest of broken support at 23.50.
PENDING: LCUT(2) 40% Long
Looks like the low of yesterday was the mentioned retest of the pivot. Today made back most of the losses and closed back over the 18.50 resistance. The volume could have been higher, but was still relatively high. Place a 40% order just above today’s close.
CLOSED: CCL 100% Position at $25.50 for 1.96% Loss
I should have closed it yesterday when that upper wick and down day showed further rejection.
WATCHLIST: Add LCUT(2)
Got hammered today on relatively the same amount of recent volume. The pivot, 20 and 50SMA’s are all converging at the same place. Wait for a retest of the pivot. If it passes add at least a 40% position.
WATCHLIST: Add AES(3)
Today closed at its low of the day on increasing volume. The weekly and daily strength continues to deteriorate. However the Energy sector ETF (XLE), was the only sectors to close green today. It showed strong volume, but little reaction. Today also had a big print on the XLE. It remained green, but closed at…