CAMARO’s Watchlist for 8/16/13
GLD - Today saw it highest volume on a green day since the June 28th bottom as traders begin betting on GLD to retrace some of the huge loss its made so far this year. GLD sets up great during intraday so just wait for a nice wedge or flag pattern to pan out and play it. I am bullish on GLD tomorrow with a 133-134 target in mind and higher for next week (137)
GOOG - Currently in a 5 day losing streak and actually red 8 of the last 9. Also many indicators are signaling that the stock is very oversold and due for a bounce. Im looking for it get above 864 and then look for calls (next weeks) and target a move back above 870.
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