CAMARO’s Watchlist for 8/21/13
SODA - Nice bullish engulfing candle today. Watch this one tomorrow if it can break 65 because that could trigger the next big multi-day squeeze. SODA has a large % of its float sold short, in fact its over 35%. A high % like this can really get stocks moving very fast (look at TSLA’s run) . SODA is still holding above its earnings gap from a few weeks ago and is now trying to break above a downtrend line from its 52w high . You can view my chart with notes herehttp://i.imgur.com/lyvwegj.png
NFLX - Huge move today off last nights watchlist and on watch for continuation tomorrow. In my opinion this pattern is very similar to the setup we had on 7/5. This one could see 280 act as a magnet for friday. The only way I dont play NFLX tomorrow is if it gaps up huge (above 277).
C - Today the banks finally caught a bid and although this is arguably one of the weaker sectors in recent days if the markets are going to begin to bounce back towards 1700 they’ll need banks to participate. If you want exposure to the reversal in banks today I believe C is the strongest in the group. Id look for a prior high break here and target a snapback trade back over 51 tomorrow.
Keep in mind tomorrow big announcement at 2pm EST from the Fed. I plan on being all cash going into that announcement.
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