CAMARO’s Watchlist for 4/23/13
NFLX - Last time NFLX had a big earnings beat it went on to trend higher the follow days and I’d expect much of the same this time around. The volatility on NFLX for rest of the week should fantastic and I think dips should be bought. 235 is my EOW target. (congrats if you got calls for a gamble tonight )
BAC - Many bank stocks bounced today off really weak volume and I think tomorrow they rise a little bit more but Im not looking to go long them instead Im looking to short them in a swing position that I will hold through may. I like the BAC options the best due to low premium paid plus BAC has a H&S formation that could breakdown in the next 2 weeks or so. Looking to buy the MAY monthly 12 strike puts tomorrow if BAC is green again and swing them into May. (GS looks good for short too but not for a swing play)
S - Wedge formation that could get going again tomorrow. Watch for a break above todays high of 7.20 to get long. 7.40 target.
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