CAMARO’s Watchlist for 8/5/13
GS - GS is trading right under its 52w high of 168.20 and with the markets beginning to rally to new all-times on a daily basis again I believe we will see GS get momo. Banks were leading in the start of the year and held up very well during the market pullback during June showing relative strength. Friday GS gave us an inside bar so come monday watch for break of fridays high of 167.90 as I believe that will trigger us to new 52w highs. I am currently long GS with 170 calls both on weekly and monthly expiration and do plan on adding.
SODA - This week to beat on earnings and gapped higher and then spent thurs/friday consolidating the gap up showing power to the gap up. SODA has a very high short float which could lead to some short covering and a potential squeeze. The 8ma is crossing above its 21ma and we have a bullish crossover on the MACD. I am going to watch for a break above 66.50 to get involved in monthly calls because those are far more liquid and not really that high priced.
DIS - They report earnings on Tuesday after the close so please be aware of that and know the risk. I believe we will see DIS rise into the close on tuesday. The chart looks really great as its trying to break above a multi-week wedge pattern and just underneath its 52w high of 67.89 . I like the idea of getting monthly 70strike calls as a lotto play (high risk/reward). I think my trade will be to grab both 65 and 70 strike calls on monthly expiration. I will try to sell the 65x on premium rise into earnings (assuming DIS runs into the report) and then keep the 70strike calls through earnings in case we see a beat and a gap up. Highly risky trade but the plan is to get the 70x calls paid for by the premium rise in the 65x calls.
To see the rest of the watchlist please go here
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!