Wednesday, February 25, 2015

Trade Ideas for Tomorrow $BIOC $EYES $ARRY $MTSN $ISIS $AAPL $RIGL

BIOC was fishy today.. What an overextended chart this is. Currently trading ~18x times the float, I'm not going to fight it. Overextended AND Overcrowded. I should probably come up with a term for this type of stock.. like 'Stuffed Pig' or something.

Anyhow, it's on watch for tomorrow.. I didnt't say it but I'm obviously short bias on this one. Gapping after hour. Ideally ramp then fade.. but I doubt we'll get it.

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EYES offered a nice opportunity in the afternoon and we took it. Well done! Excited for much more tomorrow. Ideally gap up para then short on all pops.

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ARRY bounced off support. We sold the first push at the open for the quickest snap ever and then patiently waited for a s/s swing entry. Got filled mid day in the 8.15s, we're holding overnight. If it breaks 8.2, I will probably bail.

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MTSN showing some sign of weakness in the afternoon. It's on watch for the open. I'm being careful with this name. Financially it's showing an impressive growth this year. I'm not really feeling it, so I will probably trade less size and focus on the backside of the move only.

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ISIS on watch for the snap. I'm using the 15 mins timeframe. Will probably build a starter over/under 67.5.

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 AAPL, I rarely play big caps but baby... Apple coupled with a SPY breaking down lower.. I couldn't resist to take a few. Holding tiny bit overnight. Very nice washout on the backside of the move. Wished I had seen it earlier!

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 RIGL being patient. Holding some short overnight. I honestly think this one is fried. Hopefully, we see a 3 break retest fail then more lods.

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