December 21st, 2015 Watch-list
Hey all! Video below contains a complete market overview as well as commentary on the market going forward. You will also find a breakdown of our new plays, AAPL and CHD. Below the video you will find a review of all current plays.
Current Below $20 Plays:
ZIOP: This one showed good potential early before coming down further for us on Friday. Indicators are all fairly bottomed out. Bringing the upper end of the buy range down to $8.50. Keep on watch going forward.
NCT: This one had seen a great move for us, but did see a small pullback before pushing higher Friday. We had talked about at-least moving your stop loss up to your entry price. For the super conservative, a stop in the $3.90's could also have been utilized. For those still in, have your break even stop set in place.
ELNK: We saw a nice move on this one last week. As we discussed, all stops should be, at worst, at your break even price. For those who exited 50% at our first target and utilized a trailing stop, you most likely got stopped out for profit Thursday/Friday. Good trade overall!
IDRA: Discussed in video.
Current Above $20 Plays:
EXPD: Slight adjustment to the buy range on this one since we have seen it come down a bit. We were hoping it would pullback. Didn't expect it to fall this much, but as we initially discussed this one does have a good amount of support below the current price that could provide potential bounce points. Keep an eye on those indicators.