CAMARO’s Watchlist for 12/11/13
TLT - If you took the 52w low test last week as a good opportunity with me you should be sitting happy now after todays action. I like how strong we closed today and am looking for 105s to get touched tomorrow which would be my exit target. I am long weekly 103x calls from last week.
SLB - The energy sector (XLE) looks vulnerable to me up here and is one sector that didn’t shoot back to highs yesterday when SPY and other sectors did to me this shows relative weakness. Anytime I see a sector showing weakness/strength I try to narrow down to 1 stock that I could place a trade on in that sector. This is where I came up with SLB because SLB has a bear flag on the daily chart and is arguably one of the weakest stocks in that sector. Looking to buy next weeks 87.50 puts for a swing short play as I wait for this bear flag to breakdown. I will use 88.50 as a stop and a target of 84-85.
NFLX - What a beast. I mean seriously, what a beast. Anyway NFLX today gave us nice igniting bar, simliar to the candle on 11/14. Also on the 15min chart it closed with a nice bull flag today. Tomorrow if we gap down slightly it should be a good buy spot as long as 361 holds up for a r/g rip move. Otherwise, a gap and go day would make sense above 366 with 370+ being in play this week.
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