The Weekly Watchlist
I have a good vibe from this weeks victims, so let's get on with it...
The Patterns
Ascending Triangles- USNA, PHM, HNT, ATHR
Symmetrical Triangles- EGN, CHE (Pennant), SHLM,
Descending Triangles- WEN, ODP
Flags- RESP, STJ, AIT (Bear Flag), ZMH, WFR, MICC
Others- Head & Shoulders- UNH
Bounces
CHD, ADS, AYE, BNI, MON, GROW (L.T)
Breakouts or ready to breakout...
AKAM, DECK, CVH, BBD, ACL, PCLN, SHLD, CENX, BAM, AMX
Momentum
VMC, GLDN, ETR
Many of these patterns have confirmed, or many of these set ups are ready to fire! Look a few of these up and hopefully you will find one or more that mesh with your analysis or preferences.
If adding charts were easy, I would include one on each trade. Tomorrow I will try to create a video walking through a couple of these stocks. If you have a preference on which ones, speak soon. I want to try another video format and see if there are any improvements.
See you in the morning.
Jeff,
As for your question about does anyone follow your watchlist I can only say, Hell Ya!! This blog,I can guarantee,is an integral part of all of our trading day. The video only compliments the experience. Don't quit on us and make us rely on Jim Cramer. We all know how reliable he is.....not. Besides, directional traders are a breed unto their own. We can't even talk to our closest friends about our trading because eveyone thinks we are nuts except those on this blog which makes me think we are doing something right!! Keep up the guidance Jeff.
Sean M.
Posted by Anonymous | 2/05/2007 09:23:00 PM
Jeff,
How about you walk through CHE for the video tomorrow. Having trouble seeing how to draw the pennant.
Thanks for you efforts. This blog rocks!
Stephen M.
Posted by Anonymous | 2/05/2007 09:33:00 PM
Jeff-
Check out ANAD! Up 17% on HUGE volume! In your experience, does a stock usually pull back on prof taking or does it keep going when something like this happens?
Thoughts?
I love the O.A. community! This makes trading a lot of fun.
John
Posted by Anonymous | 2/05/2007 11:57:00 PM
Any thoughts on CSCO and INTC?
Thanks again.
John
Posted by Anonymous | 2/05/2007 11:58:00 PM
Follow the watchlist? Hell, I follow this whole damn site along with everones elses posts on it. (hey good english there , aye..)VERY VALUABLE to say the least, PLUS, Jeff, you are making this FUN.
FCX .. not a lot of volume, but a bearish engulfing on a bear flag breakout yesterday??
Bob R.
Posted by Anonymous | 2/06/2007 04:43:00 AM
stephen,
Jeff means CME I think the CHE does not have a pennant but CME does.
PS. Jeff keep up the good work. Like everyone else here, this web site is an integral part of my trading day. And I have enchouraegd other new students to come and visit this. Nothing but good words.
Mahmood
Posted by Anonymous | 2/06/2007 05:34:00 AM
Does anyone follow these picks? LOL!
It's like a party every week when you post these lists. I love them, and they also help me to populate my watchlists.
I'd like to add BONT to your patterns list. A beautiful symmetrical triangle break yesterday on huge volume.
Posted by Anonymous | 2/06/2007 07:08:00 AM
Brett,
Your contribution has been accepted, thank you.
Posted by Option Addict | 2/06/2007 07:37:00 AM
I would like to add Sanp on tools (SNA) to the list as well, bull flag forming after HUGE volume and price move after earnings...
Bob R
Posted by Anonymous | 2/06/2007 08:43:00 AM
Follow the picks? LOL, so Jeff what are you a comedian now? Wait, I've listened to the marketcast. You don't need to answer that.
Heck yea I follow them. I've even "paper traded" one or two in my "charitable trust".
MikeH
Posted by Anonymous | 2/06/2007 08:48:00 AM
Check out YTBL. It's been taking off the last week.
Posted by Anonymous | 2/06/2007 09:23:00 AM
Ricardo,
no kidding! what the hell is it?
Posted by Anonymous | 2/06/2007 09:43:00 AM
Does anyone follow the watchlist ?? That is the craziest question i've heard all year !!! Hell yeah i follow the watchlist. i look forward to it all weekend, you are the bomb !! or as i said before "The Option Master" !!! thanks for all you do
~tonya~
Posted by Anonymous | 2/06/2007 11:37:00 AM