CAMARO’s Watchlist for 12/17/13
BAC - Think we see guy return back to highs going into the EOY. The last 3 days BAC has made higher lows but not higher highs, but I think this changes tomorrow, watch for a move above 15.35, I think we could this back to 16 this week. BAC ran from 13.80 to 15.98 in 12 days, and in the following 14 days since hitting that high it has only retraced back to 15.12 almost perfectly to the 38.2% retracement. AKA very healthy/strong. Ill look at buying the Jan monthly 15x calls for a swing play back to highs.
DDD - Looking to get short tomorrow, the stock recently dropped 15$ in 3 days and then took almost 3 weeks to retrace that move. To me this is a simple short play against 83ish resistance and target a move back to around 76.50 (21ma where we bounced back in early Nov). I like the weekly 80x puts.
IBM - A monster move today off the double formation that looks to be in tact for now. A move back above 180 tomorrow is what Im looking at. The stock ripped all session and then towards the end of the day it made a nice flag. Watching for a move above 178.30s for trigger long. If IBM gaps down tomorrow but holds 176ish that will also be a good spot to buy some calls I think and then look for a r/g move in the opening hour.
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