The Friggin' Watchlist

It is 9:30 p.m. Mountain Time. The kids just went to bed, the wife is reading, and here I am creating a blog post. Yes, I have a life...but I also have some down time and I am one hell of a guy. So without further delay, here's this weeks goldmines.

The Patterns

Bull Flags

WMS, TRI, DADE, MDRX, IFIN, JCP, EXP, ROP, TECH

Bear Flags

AIT, CENT

Inverse Head & Shoulders

ODFL, RAVN

Symmetrical Triangles

AKAM, HOLX (5 yr), KFY, DECK, HNT (pennant)

Ascending Triangles

COGN, KYPH

Triple Top

AMX

THE BOUNCES

Support
COH, ZMH, WTW, CMCSA, MNST, SOHU, BIO, GVA, ACN

Resistance
STR, OXY, SII

Other Interesting Stocks
JLL, KNOT, FLML, PCP

Goodnight already. See you tomorrow as the market treads water. Visualize in your mind that you'll be making money regardless of what the market does. I will visualize creating a few posts in a timely matter. Let's see if it works.

This was very awesome of you.
Thank you for what you are doing. I know you want to show us how to succeed, and that shows the content
of your character.
Steve

Hey Jeff,

Go to bed. We all will be hanging on your next post but it can always wait until tomorrow. Your guidance is a blessing to those of us that want some confirmation of our education. This blog is so constructive and an invaluable part of our trading day. I find myself toggling between the charts and the blog at least every hour and I venture to say that many of us do this. Sometimes, the satisfaction of education is knowing what everyone is doing or knowing that eveyone is doing the same thing that others are. Either way, the experience is invaluable and confirming. Lets keep this process up!!

Sean M.

Jeff,

You're the best!

Keep an eye on GLDN. It's trying hard to break through resistance at $53. I'm not sure if you'd call that a small ascending triangle.

MNST looks like a great setup to me--at both horizontal support & diagonal support at the bottom of it's channel. All it needs to do is break that 9-day downtrending line and that is what I call a perfect entry! Unfortunately earnings is in 2 days so I'll have to pass on this one, but I am pretty excited that I know exactly what I'd like to see in a setup.

Valerie W.

.....now if only I could learn to wait for my setup!!!!!

VW

Hey Jeff,

Thank's for all your efforts.

One of your favorites VIP looks like it's setting up a flag pattern as well.

Joel

Question on Comcast - is it CMSCA or CMCSK ? The charts are almost identical. CMCSA shows earnings on 2/1. CMCSK shows unconfirmed earnings on 2/1 (from EarningsWhispers). Can anyone explain why there are two symbols?
Diane

RL looks like a nice support bounce with volume behind it. It's also above the 30 & 50 day moving averages if anyone cares!
I personally think that gives it a higher probability for succes-- afterall there are traders who do use the moving averages as S/R. Earnings 2-7-7, enough time for a quick move if it's going to do it.

Valerie W

CMCSK are a special classification of shares. CMCSA are standard class A shares. Compare the volume on the two and you'll see that CMCSA is the one most actively traded.

Jeff

Thanks Jeff.
Another great list... what have we (the collective option addicts of North America) done to deserve such a giving teacher? We grovel at your feet.
RIMM looks to finally be moving off it's triple top. Keep an eye.
Chris and Catherine

Grovel at my feet huh? Sure...after you flake out on my class?

Whatever,

Jeff

Let's not forget GOOG. It has formed a nice sym triangle while hovering at a pretty strong support line of around $492. Looks to me like it's coiling like a cobra, ready to strike back up. And we all know that my predictions on these things is 100% accurate.
Chris and Catherine

Keep an eye on CROX today. Cup and handle breakout or fakeout?

Sean M

Thank you Jeff,

Really hard work done. I saw you posted this list last night and was writing a comment but lost it when I was trying to sent it.

Decided to take my profit on NKE justso it does not happen the same thing that FCX with this market.

I will take a look to your list. Thanks a lot.
ALessandra

Jeff - I ended up doing one trade from your list today - ZMH. The stock was up 5.9% today, and my March $85 option I bought was up 74% from when I bought in. Thank you very much! Quick story - when I left home for my dealer contact today, I was up about 12%. About a half hour later I managed to check my account while driving using the new thinkAnywhere software and I was up 44% - I almost drove off the road. I really recommend that anyone who reads this blog and can't be by a computer all day should consider using thinkorswim, get a phone with internet access and start using the thinkAnywhere software. A good way to keep track of your positions when you are away from your computer.

John M.

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About me

  • I'm Option Addict
  • From Saratoga Springs, Utah, United States
  • I am a professional trader and an instructor for Investools. I've had relations with the markets for 9 years. Born in Concord, CA, but reside in Saratoga Springs, Utah. Father of THREE, Husband of one.
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