Wall Street Nole’s Day-Trading Weekly Top 5 Watch-List
This list is made up of high probable stock setups from the previous week’s price movement. These tickers tend to match my criteria of volume, high range,and historical price movement with suitable risk vs reward setups. These stocks also have a lower market correlation and act inversely at times from the broader trend.
These 5 stocks will be towards the top of my day trading radar this week.
| Top 5 | |
| 1 | $JOY – Appears to be starting a trip down town. With range, peaks and selloffs this stock is having a lot of trouble getting back to the upside. It’s a great intra-day mover and I’ll be looking at it on the short bias this week. Watch to see if it drifts towards the $69 level this week. |
| 2 |
$GPOR – Reported great earnings on Wednesday and the stock has trended very nicely since. Watch the previous highs of 42.75. It may be a magnet to get there depending on market conditions. I like this going forward as the stock as limited risks from a volatility standpoint while still maintaining range. |
| 3 |
$YOKU – A very volatile stock that has just recently come back on my radar. Intra-day range is now around 5% with the company trading at $20. YOKU put in a huge hammer candle after filling the gap down on Friday. Let’s see if this can move upwards coming ito this week. It’s also right on the crest of the 200 EMA. |
| 4 |
$YHOO – Talk about a strong February! This stock has been really strong all month and had positive comments out on Friday pushing this stock briefly above 22. The Q’s have been a bit quiet with apple off the mark but don’t forget about YHOO. Despite the low share price, it makes for a decent intra-day trader. We were able to take advantage of this in the Splash Zone with a small scalp on Friday. This is also a 52 week high play and is in focus for the up coming week. |
| 5 |
$CELG – This stock keeps running and is my favorite breakout range play from last week. It recently started getting good intra-day movmenent and has hit a 52 week high as the market continues to rally off the dip. It’s over that ever important $100 level and is now abovve prior 102.50 Resistance. |
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