MarketShanks Watch List 7.25.2013 | Stock Haven | Stock Chat Room | Penny Stocks | Options |Stock Haven | Stock Chat Room | Penny Stocks | Options |

Stockhaven Blog  

MarketShanks Watch List 7.25.2013

SPY: Thinking we could see more red by the end of week. S&P hasn’t seen many of the 2-3 day losing streaks lately but I can see one potentially happening this week. Below today’s lows and the 10sma…downside targets of 167.5 then 166.5…if we really get to selling a test of 20sma possible imo. A scenario where we could bounce is also present, as the 10sma has acted as support previously…if we hold that and want to bounce, I would like to see 169 break to the upside and hold as a support. Upside targets then would be 169.5 then obviously 170s.

My bias is more selling will come into the markets and we test 166.5-167s. Please note that if this pullback does happen, it doesn’t change my overall bullish bias and I would consider any pullback healthy as long as price stays over the 20sma.

Daily & 1-Hour below:

spyday MarketShanks Watch List 7.25.2013

spy1hr MarketShanks Watch List 7.25.2013

TSLA: I like the trade to the downside right now, especially if my near-term bearish bias plays out like I think it will in the overall market. 120 breaks and I like this to 117s target 1 and 115s target 2. If we break over the wedge below and hold… this could also bounce due to 120 level con’t to hold. In a bounce scenario…124.5 then 126 are upside targets. I am currently in 120 weekly puts at 1.50s…if this trade goes against me I will lose at least 50%, which is why I only have 5 contracts.

1-Hour chart below:

tsla1hr MarketShanks Watch List 7.25.2013

BBRY: This one could go either way and I like the r/r both ways. $9 area and 10sma the trigger here imo. Break below recent lows 8.90s and target 8, break above 10sma at 9.15 and this could pop off bottom and test 9.75-10. BBRY has been crushed…sometimes these names keep fading and sometimes they get that random squeeze off bottom. I like the set-up here either direction. That 10sma has really been holding it down acting as strong resistance. I think a good candle is coming here so watch it close!

bbryday MarketShanks Watch List 7.25.2013

AMZN: If markets stay weak I like short side to the 20sma/294s. If we break that things could get dicey and 288 would be possible this week. Would want to see this bounce back and break/hold 10sma before considering a long trade again. (Earnings are after hours today so please don’t hold o/n!)

amznday MarketShanks Watch List 7.25.2013

GRPN: 10/20 sma’s merged right together here. If we break those and this weeks lows of 8.62 i like the short trade with a potential target of 8.

grpnday MarketShanks Watch List 7.25.2013

Others on Watch: AAPL over/under 440 & BIDU after the earnings squeeze…

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!

Educo Web Design

Sign up for the FREE SH Newsletter