March 15th, 2017 Watch-list
Hey traders! Another small red day for the market as the DJIA pulled back 44.11 points but was able to close above the 20sma. We're dealing with the fed rate decision this week so there could be some volatility in the coming days. Daily chart for the DJIA below with key support and resistance labeled for review.
Current Open Positions:
LC: This one had hit our initial target, allowing some to exit for profit a few days back. For those who were still in though targeting our second target, we did close slightly in the green today. If you happen to still be in, consider moving your stop loss up to no lower than $4.99.
UFS: Another red day on this one here. We appear to be having momentum turn against us at this point. Vital you have and honor you 1/2 stop if we continue to fall. Hopefully we can see a momentum change tomorrow.
PLG: We had a mixed buy signal on this one into the close yesterday, but I know many of you were waiting to get entries in this one today. With the strong move early that may have been difficult for some. For those who did enter however, we were able to hit our first profit target today which is great. If you happen to still be in waiting for our second target, consider moving your stop loss up to your break even price.
ECPG: Buy signal came in on this one today on the daily chart and 15 min chart. We have volume incredibly low after the selloff. What we want to see next is a move topside in buying volume. Our goal is to get in before the momentum, ride it up, and sell before it dies out. Chart below for review.
Current ETF's/Stocks on Watch:
KRC: We had a nice move topside early on this one, however ultimately we closed in the red for the day. Keep on watch for the daily and 15 minute buy going forward. Chart below for review.
OCLR: New play we added yesterday. Came down solidly into our buy range for us today, which is what we want to see. Now we wait for the price/indicators to settle and give us that daily and 15 min buy before we secure an entry. Chart below for review.