CAMARO’s Watchlist for 1/31/13
SPY - SPY hasnt broke under the prior day low in now 11 trading sessions and also has made 11 straight higher highs which overall is a bullish trend. However, I do believe there is reason to be cautious here and perhaps consider a short setup on SPY. I am looking for the trend I mentioned to break to grab some puts. So if SPY breaks underneath todays low of 149.93 I will enter 149 puts for next week expiry. Also the VIX had it highest close today in 18 trading days. Take note of that as well.
PCLN - Pretty nice bull flag pattern forming on the daily here and holding support at 694 and with the 8ma getting closer I think PCLN get setup for another Thursday/Friday run. Watching for trigger long above yesterdays high
MJNA - Very nice breakout today above that .16c level today. Should turn into a great penny swing if it holds above .16c. Would use .20-.25c target for now
GNBT - very bullish intraday chart today for GNBT as it absolutely ripped today +60% and closed up at the highs. Tomorrow I want to see .058c hold for support and as far as next resistance there is resistance at .072ish and then nothing til .09c
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