Watchlist for 9/13/13
AMGN - Biotechs continue to be the hottest group in the markets and today AMGN broke above a wedge pattern and now is testing a triple top. Triple tops rarely hold so I would expect AMGN to breakout to new highs by next week. Would look at playing next weeks 115x calls.
DDD - The 3D printers got killed today and I would expect more downside on the group tomorrow but XONE and SSYS both fell alot already whereas DDD hasn’t faded all that much. DDD today closed in a bear flag on a 15min chart so tomorrow I would look for it breakdown more under 50. I think 48 is in play tomorrow. Use next weeks options, not the weeklies here.
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