Wednesday, March 11, 2009

WatchList

ESI Short around 50MA. Target around 90.
POT short around 50 MA. Target around 60.
GME Short around 50 MA. Target around 22.
AZO short around now and take loss if it goes beyond recent high. Target is 140 - 145







I have created another strategy which looks for stock > 40 in price, optionable and min 50 day average volume is 500,000. There are two watchlist here which is to go long or short.

Last couple of day market is going up with 5+ percentage gain and it has thrown some of ultrashort to downside very much. I am going to keep an eye on SKF, SRS , SMN and EEV in case market reverses.