Advanced Medical - ADMD

4/13/16 Nailed it

I bought it just before close on the 12th at .0068 as it was about to close above the breakout level. I sold just before close on 4/13/16 at .0088. It was so far above the 8 day that I thought it would likely retrace tomorrow or go sideways. I'll watch for another entry.

4/11/16 Daily

4/11/16

Looking to buy a breakout at .0061 risking off the 8 day with a target of .0098 short term and .0165 down the road a bit. 

Polycom - PLCM

4/11/16

On Target, no change.

4/8/16 Daily

PLCM 

4/8/16 This chart interests me on many levels. It just broke thru the 200 day SMA and it is now using it as support, plus a few other things I like. I'm looking for a breakout at 11.75 with a possible move to 12.50 in short order. I'd normally expect it to wait to make its move when the 8 day SMA catches up but I won't be surprised it this one makes its move sooner. So my plan is to buy just above 11.75 risking off of the 200 day sma. Exit strategy is to exit just short of 12.50 or on weakness. 

Oclaro - OCLR

OCLR
4/11/16
No real change here. I'll either to the approach from 4/8/16 or I'll buy on the break of 5.55.

4/8/16 Daily

4/8/16

Since this has not broken out yet i'm changing my approach. I'm looking to buy it if it gets close to and holds at or above its 5.08 support level. Using 5.08 as my risk and around 5.10 to 5.15 as an entry. I'll look to sell half of my position at 5.53 and a few minutes before close of day, if it looks like it will close above 5.55 or so I may add to the position. If it looks to close below that I'll likely sell the rest for now. 

4/6/16 Daily

4/6/16 

This chart is setting up very nicely for a possible blue sky breakout. I'm looking to buy at 5.55 risking off of 5.25 and I'm expecting a move to 5.99 if it breaks out from 5.55. 

Zinga - ZNGA

ZNGA
4/11/16
Chart is still decent as long as it stays above the 8 day. no change in plans.

4/8/16
It is still going sideways as expected. Will watch for a breakout above 2.44 to buy.

Daily 4/6/16

4/6/16 Nailed it

Called it within .01 cent. I'll watch it a bit to see where it goes from here. Guessing it will go sideways a bit and leg up in the near future.

Daily 4/4/16

4/4/16
Buy above 2.32 risking off the 2.25 ish. Looking for a move to 2.44 short term.

DAQO - DQ

DQ
4/11/16
No major change here. Still worth watching as long as it closes above the 8day.

4/8/16 Daily

4/8/16
DQ has is setting up for a possible breakout at 19.50 My current plan is a buy at 19.55 risking off the 8 day SMA or a G/R snap below the open. I think the upside on this is going to be close to 21.23. My exit strategy will be to get out before 21.23 or when it closes below the 8 day.


4/4/16
DQ did about what I expected with a move just above 18.70 within a couple days and then made new highs a few days later. My plan was to get out at 18.70 which was just right.
In the chart, the white candle is 3 days after my 3/21/16 post.

Daily Chart

03/21/16
My plan is to buy at open if it does not gap up too much. Looking for a quick move to the 18.70 area. I will risk off the open.

XLI Technologies - XLIT

4/4/16
Did the opposite of what I expected :(

3/21/16
My plan is to buy at open if it does not gap up too much. I'm thinking this should be a double up or better. My plan is to take off most of my position at .50 ish. I will risk off the open.

Himax Technologies - HIMX

4/11/16

This may be breaking down. I'll watch it but not expecting much any time soon

4/6/16 Daily

4/6/16

Looks like its turning back up. Keep an eye on it. 

4/4/16 Daily

4/4/16

This did brake out a couple days after my last post and shot up to 12 with a quickness. So it made it past my first pay level but could make it higher for now. Im guessing that it goes sideways and uses 11 as support. I still expect it to make new highs near 12.7 at some point in the near future. 

3/18/16 Daily

3/18/16 On target
Looking healthy, tested the 8 day. Looks like a good time to buy on the dip.


3/17/16
WOW, Nice looking charts! The weekly has been in a channel for almost 2 years and just recently broke out. There are a couple obvious resistance levels of 11.5 and 12.7.

On the Daily chart, it just broke out at 9.00 for a $1.50 gain. Then broke out again to 11.00. Now it building a nice base and looks like its ready for another breakout. Guessing it goes to 11.50 with no problem and likely will push thru to 12.70 in the not to distant future.

3/17/16 Weekly

3/17/16 Daily

Liberty All-Star Equity Fund - USA

4/6/16 On Target
Looks good still

4/4/16 On Target
Closed at 5.03 on HOD I still think has potential but is a slow mover. This has lots of potential upside but is likely to get stalled out at 5.08 or so. 

3/18/16 On Target
No change, going sideways

3/17/16 Buy At 4.90

Closed on HOD at 4.94

3/17/16 Daily


3/16/16 Daily

3/16/16

USA is setting up nicely for a breakout play at or near 4.92. I'll buy if it can stay above 4.90 and will risk off of the open assuming it is close to the previous close. There is resistance at 5.08 and then again at 5.19 so I'll get out if it slows down in either of those areas. Not a huge play but a nice setup. 

United States Oil Fund ETF - USO

USO
4/11/16
Staging a bit of a rally. I still like it for a swing trade.

4/6/16
Up two days in a row off good oil news. Closed at 9.60 and would expect it to move up from here.

3/18/16 Daily

3/18/16 On Target 
Going sideways, Looks healthy.

3/17/16 On Target

Closed at 10.55 today. Looking great. No change in plans.

3/17/16 Daily

3/16/16 Weekly

3/16/16 Daily

3/16/16 

I'm going out on a limb and betting that the oil industry is officially rebounding after a two year decline. I'm playing USO because it is one of the most liquid ETFs and has dropped from a high of $39.54 over two years ago to a low of 7.67 on 2/11/16. It closed today at $10.18 

You can see a decent facsimile of a reverse head and shoulders pattern as well as forming a nice base around 10 bucks. It also has put in a couple higher highs and higher lows. I took an entry around $10 for a swing trade and will stick with it until it either pulls away from the eight day to the upside in a big way or breaks or dips below $9.60 

California Resources Corporation - CRC

4/4/16
This retraced and has never made it to the breakout level of 2.26. Maybe a play for down the road.

3/18/16 waiting on entry
No change, down .20 today. Still waiting on an entry at 2.26

3/17/16 waiting on entry
No change, Up .09 today

3/16/16 waiting on entry

Looking good, waiting on entry

CRC - I'm looking for a potential breakout at $2.26 for a run to around 3.00 or maybe 3.45. Its currently consolidating from its last big run so it could take a couple days to develop if it does.. 

Harmony Gold Mining - HMY

4/11/16 Daily

4/11/16

This finally closed above 4.00 making it a buy according to my thesis. It closed on HOD and a whisper away from a new long term high. I'd have been very tempted to have buy it near end of day today if I had seen it. I'm guessing it will gap up and run in the morning a bit. If it opens green I think it is a buy risking off the open. I'd likely stay in this trade as long as it stays above the 8 day. 

Daily 4/4/16

4/4/16

HMY dipped below the 8 day at around 3.80 which was the exit strategy. It has been going sideways for a bit and still looks promising. I think it is now a buy again at a close above 4.00

3/18/16 Daily

3/18/16 On Target

Tested the 8 day like a you would expect. 

3/17/16 On Target
It put in a new high today but then closed in the red. Nothing to worry about yet. I'm expecting a bit of consolidation.

3/16/16 - Buy at 3.55 On Target

HMY acted great today by dipping to the 8 day as I had hoped before going on a tear.
Entry was at 3.55 and it closed on HOD at 3.98. Plan to stick with it as long as it stays close to the 8 day or higher for now.

HMY has been riding the 8 day for a long time. I think it would be worth buying on a dip near the 8 day and risking it off 8 day or near about.

Western Refining - WNR

4/6/16 Daily

4/6/16

Down with the oil market but looks healthy enough to me for now

4/4/16

This is a swing play. I still like it. 

3/18/16 Daily

3/18/16 On Target

Up .79 today. This one is acting very strong with a steady climb. Probably my favorite ticker at the moment. I'm guessing that if the news doesn't turn sour, this will break past the 30.00 mark and make it above 34 as mentioned before. 

3/17/16 On Target

Tested the 8 day and bounced off. 

3/16/16 1 min

3/16/16 Daily

3/16/16 Entry at 28.40 On Target

I decided to take the trade once it broke out of the pennant. It did end up pushing thru the 29.00 entry that I was hoping for and i am still in the trade. I will risk off the 29.00 and am looking for a move to 29.75 with a potential of 34.50 if it break thru 30.00.

3/15/16

The pennant is getting tighter so we can expect something to happen in the next day or two. It will likely be decided based on news of the oil market.My plan is unchanged.

3/14/16
WNR is building a nice base and looks like it is close to legging up. It broke a long term down trend and has good upside potential in my estimation. I'm looking for a breakout at 29.00 for a short term move to 29.75 with a potential of 34.50 if it break thru 30.00. I'm risking off 26.90. Watching to see how it develops but I like this one. 

UMC

3/18/16 Watching for an entry

Setting up nicely for the pending breakout. A close above 2.14 is go time and risking off 2.14.

3/18/16 Daily



3/16/16 Daily

3/16/16 Watching for an entry
UMC is making another run at the 2.14 breakout level. Same thesis as before.

3/14/16 No Play developed
Opened at 2.14 and tanked. Never made it to an entry point. may be coming back later but its off my list for now.

3/11/16 Watching for an entry

Acted very well today closing on its high at 2.14 but the volume was not great. If it open green and I get in and risk off the 2.14 with a target of 2.30.

3/10/16 Watching for an entry
Still holding up well above the 21 day where is seems to feel at home. Looks like it might try to break thru the 2.12 area again. Lets see if it can put in a new high or break thru 2.14.

3/9/16 Managed Loss
UMC = Chart is not broken by any means but it is not as strong as I would like to see for a high percentage play. It dropped below the 21 day which is where i said I would sell. If it puts in a higher low it is still worth keeping an eye one in the near future.

3/8/16  On Target
UMC = This still looks good but has not yet tested the 2.12 area. I would stick with this until it drops below the 21 day SMA. Watch for possible breakout at 2.12 with a possible multi day run near 2.30

3/7/16 On Target
UMC = This has broken down some but did bounce off the 21 day SMA. If it goes sideways a bit and churns it way back, you could still see a possible breakout at 2.12 with a possible multi day run near 2.30

3/6/16 Opening Remarks
Watch for possible breakout at 2.12 with a possible multi day run near 2.30

EXK

3/14/16 No Play developed
Going sideways as expected. I'll keep my eye on it to see it it sets up for another play but won't comment till its ready for action.

3/11/16 Direct hit (In at 2.41 - out at 2.80)
EXK did what I expected by opening strong and jumped to 2.85 and retraced to close at 2.56. It gave plenty of options to get out at 2.80. From here I expect EXK to retrace or goes sideways till the 8 day catches up to it.

3/10/16 On Target
EXK broke out like a bandit today and closed on its high of 2.74 on high volume. I expect it to open strong and maybe stall out and retrace. I'll sell into the morning spike if there is one.


3/9/16 On Target
Consolidating as expected. Still in play above the 8 day.

3/8/16 On Target
This is acting like I expected. Nothing has changed and I would stick with the plan which was: Way over extended but on fire. Id expect a pull back to the 8 day or maybe the 21 day SMA in the next day or two. If it takes a little time to consolidate and then somehow gets thru 2.41 it would have a decent chance of running to the 2.80 to 3.00 range in the near future.

3/7/16 Opening Remarks

Way over extended but on fire. Id expect a pull back to the 8 day or maybe the 21 day SMA in the next day or two. If it takes a little time to consolidate and then somehow gets thru 2.41 it would have a decent chance of running to the 2.80 to 3.00 range in the near future.

TTM Squeeze

3/16/16  PRKR 

The verdict is in. The TTM Squeeze worked this time. PRKR is going sideways to let the 8 day catch up. I'm done watching this one but I learned a few things.

3/15/16
Wow again! It closed on HOD at .38 today and is still looking strong. Sad I missed this play :(

3/11/16

Still going! Made it to .35 today and closed at .33. measuring from close of day in both cases, that's a 27% gain in 2 days from the moment I could have gotten in. This was not on my radar if not for the squeeze indicator. Very impressive Squeeze indicator.

3/10/16
Wow! Price went up to .30 today and closed on HOD. After hours it is up another .01. Tempted to buy...

3/9/16
I'm experimenting with the TTM Squeeze indicator that just fired today and several other factors point to the idea that PRKR could be a good buy ASAP. The price is .26 on an otherwise boring chart. Lets see how this goes.

=================================
SCON
3/15/16
The cart still looks healthy but not very exciting.

3/11/16
Made it to .30 then closed at .25 (LOD) Still above the 8 day so not a bad play yet.

3/10/16
This is up .02 closing on HOD and it triggered the indicator today. Interesting.  

3/9/16
SCON is also a similar story but has not triggered yet. Watching this one too.This is also at .26  : hmmm.
 

CZZ

4/11/16

4/11/16

I think this is a buy at 5.12 or so risking off 5.10. I think the potential upside is 6.00 and I would stick with it above the 8 day.

3/18/16

3/18/16 Looking for entry
I'm looking to buy if it opens green and risk off the open. I think it is headed to 5.00


3/15/16 On Targetish 
This broke below the 8 day but still has potential. If it opens red or goes red, im out for now.

3/14/16 On Target
Bounced off the 8 day. around 4.00. Still in play

3/11/16 On Target

CZZ is still looking great. I still like the near term Target of 4.75(red line). I 'll keep it as long as it stays above the 8 day or till it gets close to 4.75 and shows a topping tell.

3/10/16 On Target - Broke out
It broke thru the 4.20 resistance today and closed on its high at 4.25. I'm expecting it to have a good day tomorrow. Target is 4.75 and I will use 4.20 as my risk. Lets Roll

3/9/16 On Target
Looking good and consolidating above the 8 day. This is a good candidate for a breakout if it gets thru 4.2 with volume. Use 4.2 as the risk.
 
3/8/16  On Target
This opened weak and went G/R where I would have sold it like I advised. The chart is still strong but Id wait to see what  it does from here. Guessing it might consolidate for a bit but might give back a little before another leg up.

3/7/16 On Target
This did what I expected by going down a bit to the 8 day. Im guessing it will consolidate for a few days or it could make another leg up. I would not give up on this one till it breaks the 8 day to the downside.

3/6/16 Opening Remarks
strong chart, has room to run to 4.75 maybe higher if the volume is great. I'd risk off of the open price sell if goes G/R

PLG

3/15/16 Never Developed

3/14/16 On Target
Its just below the 8 day so its still in play but looking like it could go either way. I'll would get out if it opens red or goes red during the day.

3/11/16 On Target
No Change today, going sideways as expected. Guessing it will be a few days before this changes but will buy at a break of 3.40.

3/10/16 On Target
No Change today, going sideways as expected.

3/9/16 On Target
This one is acting well and is way above the 8day. Closed red as I expected it would and needs to consolidate to let the 8 day catch up. I'm looking for a breakout play at 3.40 with mid term target of 4.15. It could take a while for this to develop and is unlikely to break thru on the next attempt at the 3.40 level unless it gets several days to go sideways first.

3/8/16 Opening Remarks
Another lower volume stock. This one is perking up and could spike up a bit more but I think the odds are it will open up a bit on the 9th possibly even as high as 3.99 but then drop back to test the 8 day. If it does somehow stay green it will likely go sideways to let the 8 day catch up.

BLSP

3/16/16 Daily

3/16/16 Broke even
Turned red and I got out. It came back to close well above the 8 day but I'm out till I like the look a bit more.

3/15/16 On Target
BLSP dropped below the 8 day and cam back to close almost flat. Im guessing it will go sideways a bit and let the 8 day catch up. There is no obvious resistance aside from the .10 psychological round number. Plan has not changed but will get out if opens red or goes G/R. 

3/14/16 On Target
BLSP Is still acting well although on low volume. Up to .1 and closed at .9. Nothing has changed.

3/11/16 On Target
BLSP Is still acting well although on low volume. Nothing has changed.

3/10/16 On Target
It could be out of gas but hard to say. If it stays above the 8 day I will stick with it to .12

3/9/16 On Target
Acting very well. I still think it is good till .12 over the next several days or so. I'd feel safe as long as it stays above the 8 day and had moderate volume.

3/8/16 Opening remarks
Interesting chart but low volume. This has the potential to make it to .12 over the next several days or so. I'd feel safe as long as it stays above the 8 day and had moderate volume. Not an ideal candidate for a large position due to volume.

MUX

3/14/16 Waiting on Entry or surrender 
Did not close above 2.05 so no play here yet. Chart is not broken so I'll keep an eye on it.

3/11/16 New Play starts here
Opened near 2.03 then went red right away so I got in and out in a couple seconds like I said I would if it went red. This is still a good long play chart but is sitting a major resistance at 2.00 and could take some consolidation to break threw it. If it closes above 2.05 I will look at it for a buy with a target of 2.50 or so and would risk it off of 2.00.

3/10/16 New Play starts here - Didn't pan out
Okay now it time to go long. Today it bounced off the 8 day and closed pretty strong. The overall trend of this chart is Bullish so if it opens green, it could be good for a shot at new highs. I will risk off the open and get out if it goes red.

3/9/16 Direct hit (short at 2.01 - cover at 1.79)
Opened weak as expected and pulled back to 1.77. I said id like to short it to the 1.75 area so mission accomplish.

3/8/16 On Target
I don't think this has really changed so if it opens red or has a G/R snap. Id expect it to be a good short to the 1.75 area.I would use the previous close as my risk. earnings are due to come out on 3/14 so I would get out before that

3/7/16 On Target
Opened red as I expected and went down from there. Interestingly it bounced off the 8 day

3/6/16 Opening Remarks
Though still looks strong, Id' short it Monday if it opens red or has a G/R snap. Id expect it to be a good short to the 1.75 area.I would use the previous close as my risk. earnings are due to come out on 3/14 so I would get out before that

XCO

3/14/16 Watching for Entry
This broke down today and stopped at a decent support level. If it drops below 1.32 it will need some time to rebuild.

3/11/16 Watching for Entry
Still watching for a test of the 8 day or a bit more building a base. I'm looking for an entry near 1.45 with a target of 1.80 again but may raise my target depending on how it gets there.

3/10/16 New Play starts here:
Looks like this should bounce off the 1.40 and build a new base. Just watching for now.

3/9/16 Direct Hit (in at 1.41 out at 1.80)
XCO = Opened strong and ran up past my target for this stock of 1.80 where I would have sold to 1.94.  It gave back much of the gains closing at 1.64. Strong over all but we need to see how it acts over the next few days.

3/8/16 Still in Play
Opened down and closed down. I'd have likely gotten out at open but if not there is still hope for this chart. It bounced of a major support area today and if it can consolidate it is still in play. It is still way above the 8 day so no worries yet.

3/7/16 On Target

broke1.40 as I was hoping and closed on HOD @ 1.61. I would expect a gap up or strong open in the morning and would get out near 1.75 to 1.80  unless it plows thru with force but then watch for a topping tell.

Use the open as Risk

3/6/16
If it gets above 1.40 watch for a run as high as 1.75 to 1.80  Use 1.35 as a your risk

HK

3/18/16 Sold for 21% profit
This was starting to waffle a bit more than I liked. I may get back in if there is a good setup.



3/17/16 On Target

HK Closed up .06 cents at 1.16

3/15/16 On Target
HK closed at 1.05 today. No Change, just going sideways. Expecting something to break one way or the other.

3/14/16 On Target
HK closed at 1.12 today. It is still flirting with a long term trend line on one side and the 8 day on the other side. No Change, just going sideways.

3/11/16 On Target
HK made a slow steady climb to 1.19 today. It is flirting with a long term trend line on one side and the 8 day on the other side. My gut says we will start moving up for a new longer term up trend.

3/10/16 On Target
Nothing has changed here. It did bounce off the 8 day today so id expect it to start going back up if it is going to play ball. Tomorrow could be make or break.

3/9/16 On Target
Still holding - Nothing has changed here. 1.64 is major resistance and we are still way above the 8 day. 1.00 looks like it is holding as a solid resistance. Below that would scare me out short term.

3/8/16On Target
Still holding - Nothing has changed here. 1.64 is major resistance and might be a good place to sell but may hold for a swing trade.

3/7/16 On Target
Still holding - All oil stocks took a hit today so im not too worried about my position here. Nothing has changed for me. 1.64 is major resistance and might be a good place to sell but may hold for a swing trade.

3/6/16 On Target
I started with HK with a $1.00 entry and I plan to hold it for a while unless it crumbles. There are dozens of stocks in this sector that are perking up and would be good candidates for a swing trade in my opinion.
[Got as high as 1.50 so getting out and buying a dip would have been a good choice but I am looking at this as a swing play] 

Recap for 3/9/16

HK = Still holding - Nothing has changed here. 1.64 is major resistance and we are still way above the 8 day. 1.00 looks like it is holding as a solid resistance. Below that would scare me out short term.

BLSP = Acting very well. I still think it is good till .12 over the next several days or so. I'd feel safe as long as it stays above the 8 day and had moderate volume.

PLG =  This one is acting well and is way above the 8day. Closed red as I expected it would and needs to consolidate to let the 8 day catch up. On Target

XCO = Opened strong and ran up past my target for this stock at 1.80 where I would have sold. It gave back much of the gains closing at 1.64. Strong over all but we need to see how it acts over the next few days. Direct Hit

MUX = Opened weak as expected and pulled back to 1.77. I said id like to short it to the 1.75 area so I'll call that a Direct hit

CZZ =Looking good and consolidating above the 8 day. This is a good candidate for a breakout if it gets thru 4.2 with volume. Use 4.2 as the risk. On Target

 

FAX = As expected it dropped to test the 4.81 with a low of day at 4.78. Since support held i would expect it to run to 5.00 ish level over the next several days if not quicker On Target

UMC = Chart is not broken by any means but it is not as strong as I would like to see for a high percentage play. It dropped below the 21 day which is where i said I would sell. If it puts in a higher low it is still worth keeping an eye one in the near future. Managed Loss

 

WLCDF = It peaked thru .034 again and closed just below it. This is still in play but could go either way.
On Target

EXK = Consolidating as expected. Still in play above the 8 day. On Target

AUY = It closed above the 8 day so I would not be scared to by if it opens green on the 9th. Id use the open as my risk or the 8 day if its not moving too fast.I still think its headed to the 3.75 to 4.00 area.
On Target
NGD = It did test the 8 day as I expected. This is still running according to plan which is to make more gains to the 4.75 to 5.00 range. Id consider selling if it closes below the 8 day. 
On Target

New for Watch list 3/8/16

There are additions to watch 3/8/16

BLSP = Interesting chart but low volume. This has the potential to make it to .12 over the next several days or so. I'd feel safe as long as it stays above the 8 day and had moderate volume. Not an ideal candidate for a large position due to volume.

PLG =  Another lower volume stock. This one is perking up and could spike up a bit more but I think the odds are it will open up a bit on the 9th possibly even as high as 3.99 but then drop back to test the 8 day. If it does somehow stay green it will likely go sideways to let the 8 day catch up.

Recap for 3/08/2016

I lost my changes to this post so I tried to recreate it after the fact. Not going to worry about it now. Some of this is right and some was left from the day before. :( 

The whole market that I pay attention to was tanking today. That said most charts are still in tact.

XCO = Opened down and closed down. I'd have likely gotten out at open but if not there is still hope for this chart. It bounced of a major support area today and if it can consolidate it is still in play. It is still way above the 8 day so no worries yet.

OCLR = Gapped way down. This is now off my radar till it has a chance to decide what it wants to do.

MUX = I dont think this has really changed so if it opens red or has a G/R snap. Id expect it to be a good short to the 1.75 area.I would use the previous close as my risk. earnings are due to come out on 3/14 so I would get out before that

CZZ = This opened weak and went G/R where I would have sold it like I advised. The chart is still strong but Id wait to see what  it does from here. Guessing it might consolidate for a bit but might give back a little before another leg up.

FAX = Id have gotten stopped out but I would expect to see this go sideways for a bit and retest the 4.81 breakout level. If it opens up above 4.81 then i would expect it to run to 5.00 ish level over the next few days if not quicker

UMC = This still looks good but has not yet tested the 2.12 area. I would stick with this until it drops below the 21 day SMA. Watch for possible breakout at 2.12 with a possible multi day run near 2.30

HK = Still holding - Nothing has changed here. 1.64 is major resistance and might be a good place to sell but may hold for a swing trade.

--- New on the 3/7/16---

WLCDF = Looking for a breakout at .341 but that is also a big resistance level so im not overly optimistic it will break thru on the first try. If it breaks it on high volume and holds above for a bit I would consider a buy risking against the .341 area and would look for possible up side to .40 since short term with room to grow.

EXK =Way over extended but on fire. Id expect a pull back to the 8 day or maybe the 21 day SMA in the next day or two. If it takes a little time to consolidate and then somehow gets thru 2.41 it would have a decent chance of running to the 2.80 to 3.00 range in the near future.

AUY = Interesting chart with a possible grind toward 3.75 to 4.00. RSI is very good and the volume is decent. AS long as it stays above the 8 day, I'd look to buy on a dip and see it if can make it near 4 bucks.

NGD = Looking for some consolidation or at least a test of the 8 day. Guessing it will not close much above 4.00 and hopefully go sideways for a bit. Looks like a good candidate to make more gains to the 4.75 to 5.00 range if it consolidates.

Recap for 3/07/2016 And New Additions for 3/08/2016

XCO = broke1.40 as I was hoping and closed on HOD @ 1.61. I would expect a gap up or strong open in the morning and would get out near 1.75 to 1.80  unless it plows thru with force but then watch for a topping tell.

Use the open as Risk

OCLR = Opened even lower than I thought it might. Gapped way down. Taking this off my list for now.

MUX = Opened red as I expected and went down from there. Interestingly it bounced off the 8 day SMA so it could go north or south from here. Id get out till I had more to go on.

CZZ = This did what I expected by going down a bit to the 8 day. Im guessing it will consolidate for a few days or it could make another leg up. I would not give up on this one till it breaks the 8 day to the downside.

FAX = This has not changed -- I would expect to see this continue sideways for a bit and retest the 4.81 breakout level. If it opens up above 4.81 then i would expect it to run to 5.00 ish level over the next few days if not quicker

UMC = This has broken down some but did bounce off the 21 day SMA. If it goes sideways a bit and churns it way back, you could still see a possible breakout at 2.12 with a possible multi day run near 2.30

HK = Still holding - All oil stocks took a hit today so im not too worried about my position here. Nothing has changed for me. 1.64 is major resistance and might be a good place to sell but may hold for a swing trade.

--- New ---

WLCDF = This did a fakeout breakout and I would have gotten out at 3.41 like I said with very little loss. This is a very big reversal candle so I would be very careful with this one. That said, we are well above the 8 day so it could be playable. 

EXK = This is acting like I expected. Nothing has changed and I would stick with the plan which was: Way over extended but on fire. Id expect a pull back to the 8 day or maybe the 21 day SMA in the next day or two. If it takes a little time to consolidate and then somehow gets thru 2.41 it would have a decent chance of running to the 2.80 to 3.00 range in the near future.

AUY = Again, this is acting like I expected. Nothing has changed and I would stick with the plan which was: Interesting chart with a possible grind toward 3.75 to 4.00. RSI is very good and the volume is decent. AS long as it stays above the 8 day, I'd look to buy on a dip and see it if can make it near 4 bucks.

NGD = Again, this is acting like I expected. Nothing has changed and I would stick with the plan which was: Looking for some consolidation or at least a test of the 8 day (which has now almost reached 3/8/16) . Guessing it will not close much above 4.00 and hopefully go sideways for a bit. Looks like a good candidate to make more gains to the 4.75 to 5.00 range if it consolidates.

Oil Market

I'm expecting to see a major rebound in the Oil markets. Most of the stocks in the sector have been beaten down for the past two or so years. It could be a false bottom but I am taking a position or two at this point and seeing how it acts.

I started with HK with a $1.00 entry and I plan to hold it for a while unless it crumbles. There are dozens of stocks in this sector that are perking up and would be good candidates for a swing trade in my opinion.

Watchlist for 3/07/2016

3/07/16

XCO = If it gets above 1.40 watch for a run as high as 1.75 to 1.80 

Use 1.35 as a your risk 

OCLR = Back Burner - Strong stock which just hit new highs. Id look for it to retrace near 4.50 and then maybe look to make new highs or get sideways for a bit before another leg up

MUX = Though still looks strong, Id' short it Monday if it opens red or has a G/R snap. Id expect it to be a good short to the 1.75 area.I would use the previous close as my risk. earnings are due to come out on 3/14 so I would get out before that

CZZ = strong chart, has room to run to 4.75 maybe higher if the volume is great. I'd risk off of the open price sell if goes G/R

FAX = Strong buy if breaks through 4.81 which I would expect to happen early. Look for a run to 4.95 to 5.05 range. Id risk off the open price

UMC = Watch for possible breakout at 2.12 with a possible multi day run near 2.30