First thing: Sorry for this lazily written watch list. Been super busy today and it's 1:30am so gonna make it quick.
This is a watch list for the week of thanksgiving. I will still make nightly watch list but these stocks will be on watch all week for me.
I'm expecting the markets to rally this week. the SPDR's put in a nice bottom friday and right now S&P futures are trading up right now. I believe there will be some short covering this week. I have some strong stocks on watch that i believe will be great performers this week especially if the market is strong.
UNG (U.S. Natural Gas ETF)-- This is the last time I highlight this on watch, No need to mention it every night. I do like this for a long term play though. I have december 20 calls right now but I may also get some January or February calls. /NG (natural gas futures) are trading up right now and is a few cents from YTD highs at 3.851.
V (Visa) -- I'm in the weekly calls right now. Very bullish chart and I'm expecting new highs within the next few weeks.
MA (mastercard)-- Same as above.. I think V looks a little stronger but I do think MA will push to new highs. big spreads on the options so try to buy at the mark price or just under. Daytraded it on Friday and the fills were pretty easy for me when i put my buy order in close to the bid.
RAX -- healthy pull back after a very strong uptrend. I think it's ready for another move. watch it regain that 21 Exponential Moving Average for confirmation. If the market is strong, this will be no problem.
AAPL -- I know people have been trying to call bottom on this for weeks and have gotten killed. But, i really do think the bottom is in on this. Biggest volume since march and the only thing that can create that kind of volume is institution trading. At this point, long term I think the risk/reward is better if you are long here than short.
GS -- I think this will rip if the market is strong this week. Held most recent support at 112-114 even in a super weak market.