CAMARO’s Watchlist for 3/1/13
CELG - CELG finally broke out of the channel its been in for 2 months. It failed to close near the highs but I still think this name should be on watch for further upside. Ill be watching this again tomorrow to see how it handles the 105 break if it does breakout again. Because today when it crossed 105 it got rejected pretty heavily. So clean break of 105 and Ill hop back in 105 calls.
DIA - It has been quite a battle between the bulls and bears this week. If you have been trying to short the market this week your probably a very frustrated person going into friday. It has been very tough to trade. However today DIA closed right at the dead lows as the market got washed out into the close. If you look at a daily candles DIA came within .64c from all-time highs of 141.95 . Yes you read that right. Very close to all-time highs on the DOW. But the fact that todays the move into the 141s got rejected so hard I think this is yet another signal that a pullback could be coming. I will be trading March 16 or April 140 puts and Ill use todays high of 141.31 as my stoploss.
AAPL - Liking this for another short tomorrow and a possible break of 52w lows of 435. AAPL closed today right at the dead lows as it was rejected again by its 8ma. I will be looking to short a gap up or a 440 crack. If we trade anywhere near 435 I see no reason for that level to actually hold up. My bearish bias will change if AAPL can break above 448.
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