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.
Hey Everyone, I'm a Part Time Trader based in West Texas. Started out trading stocks and now only Swing Trading Stocks and Day Trading Futures. This blog is just to bounce ideas and keep track of my trades on a day to day basis. Might help some people, don't be afraid to ask me questions if you need any help. Usually post my watchlists, trades, other useful trading material. Follow me on twitter (@WestTX_Trader) My Blog posts are not recommendations to buy or sell any security.
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Watchlist for 08/07/14
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