Thursday, June 12, 2014

Watchlist for 06/13/14

Here is my watchlist for tomorrow! My watchlist's consist of patterns or momentum. I look at what stocks were being traded during the day and then watch them the next day for a continuation or reversal. 



$BDSI - Volume picking up and the stock is becoming overbought. Watch for an intraday pattern for a short (lower highs). Or for a continuation (red/green move, ascending triangle, flags, etc).
















$GDXJ - Nice momentum coming into this stock. Past overbought. Will be watching this one tomorrow for a short or a long.
















$NUGT - Another stock with some momentum. Intraday setup!
















$RH - Huge volume compared to the average volume. I think this stock could go either way. But good momentum in it so it is on my watchlist.
















$UNG - Nice price action here, also nice volume. You can see a triangle pattern forming and so I am long bias on this stock. Will be watching intraday for a line up with the daily.














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