CAMARO’s Options Watch list for 6/6/13
CELG - On watch for a bounce tomorrow. Down 4 days in a row and has been a leader in 2013 so if markets bounce I expect the leaders to get bought again. Also CELG is back into support at 111-113. Looking to get June monthly calls and my bounce target is around 115-117 . Simple reversal strategy:http://www.thestockgarage.com/how-to-play-reversal-plays/ ….Otherwise a gap up would be buyable imo
AMZN - Been holding up very well here as the markets pullback as AMZN is forming a little channel from 265-270. I think if the markets bounce back we will see AMZN finally break above this channel and maybe start a move into 52w highs in the next few weeks.
JPM - Also held up relatively well above its 21ma. JPM closed today red for the 4th day in a row and fell back into support so I like the r/r for the long side here against its 21ma. I know I sound like a broken record tonight but I am expecting a market bounce tomorrow and want to have ideas in different sectors incase some sectors bounce and others dont.
Click here for the rest of my Options Watch List
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