CAMARO’s Watchlist for 3/13/13
S - Sprint has been trading in a wedge pattern since Sept. of 2012 and its really starting to get tight today and some may argue we started to break above the upper resistance line. It really needs a daily close above 6.00 in my opinion before S can really get moving. If you look a more longer term chart we have a big cup and handle formation which if it does come through it should give us a measured move to 8.50s in the next few months. I bought april monthlies 6strike calls for a swing position today. Here are two charts . Wedgehttp://i.imgur.com/Nyoj86s.png and cup and handlehttp://i.imgur.com/1zCaao1.png
SPWR - Finally starting to show some signs of life again with some big volume today and a 3% move. The big key here is watch FSLR in addition to SPWR because FSLR argueably the bigger named solar stock is starting to bounce back after getting hit real hard last 2 weeks and if FSLR starts to fill in some gap then I think that will supply more power to SPWR’s move upwards.
SPY/DIA - Watching both of these for a break underneath their prior day low. They haven’t done that all of march so far and might not do so at this week. I wont short (or buy puts) until I see that trend crack. VIX did have a decent bounce today but not enough to really get fear into the markets. Just stalking the trade for now. Who knows, we might trade flat for a few days and consolidate before another leg higher. Be open minded.
Did you know that you can watch Stockhaven trade live in real time?
Learn how to daytrade by watching someone else trade! Watchhimtrade.com is the only site that lets you look over the shoulder of a professional daytrader.
Watch this video now where he shows you how it’s possible to make 100% in just 5 minutes!
- CAMAROs Watchlist For 2/22/13
- CAMARO’s Watchlist for 3/5/13
- CAMARO’s Watchlist for 11/07/12
- CAMARO’s Watchlist for 11/27/12
- CAMARO’s Watchlist for 10/24/12