CAMARO’s Watchlist for 5/10/13
SPY - Today I uploaded new video on showing what the VIX is doing and how in the past that has signaled a market pullback so make sure you watch that. Tomorrow though I am looking to short SPY using next weeks 163 puts when it breaks todays LOD. SPY hasnt gone under prior day low in all of May so I will wait for this setup to unfold.
NFLX - Weekly bull flag that if tomorrow closes higher will break out the weekly chart, regardless of what the market is doing. Today NFLX got some news which caused it to rally up almost 4% and tomorrow if it can close above 218 it will setup for a big move into next week. I am looking to play next weeks 225s or 230 calls and probably hold over weekend.
AMGN - Descending triangle here with the descending line at 106 and the support line at 104 which as you can tell is pretty close to both of these levels meaning it might break one way or another tomorrow. So watching for a break under 104 to get short or a breakout above 106 to get long.
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!