*Update Moving forward, watchlist released for free every Sunday night will only list the stocks that I am watching. Entry/exit zones (along w/ charts) will be shared occasionally with individuals who are signed up for the newsletter. If you're not on my mailing list; sign up below. It is free.
Darling Ingredients Inc. (DAR) No change in my original short thesis. Seems as though the stock is range bound (consolidating) and is preparing for its next move. Short until my stop at 13 ish is hit.
ProShares UltraPro Short S&P500 (SPXU) Markets have shown several bullish signs and has done nothing but go up for the past 5 weeks. Last week was the first time the markets closed red since the week of Feb 8, 2016. A pull back seems to be underway. Is this a major pullback or a minor one before the S&P resumes its uptrend. That remains to be seen. Holding this until my price levels are hit. 1980-2000 are the 1st levels of support I see. With resistance being around 2056-2064.
TiVo Inc. (TIVO) Stock is up almost 25% on buyout rumors. Looking for the prime short opportunity. It may or may not come next week.
I am also watching $VCEL $CPXX $ODP $QUOT I do believe that there's potentially more monies to be made on the downside for previous picks such as $WLL $TOO $SWHC
Last Week Recap $WLL+9% $SWHC+9% $DAR flat $SPXU+1% $TOO+11% $VCEL(20%)
$CPXX demonstrates why I NEVER firmly hold or permit myself strong opinions. On last week's wathclist I indicated this stock was a short candidate and outlined reasons why. I also stated a good entry point for me to go short would be around mid 9s. Find below what happened when the stock hit mid 9s on 3/21/'16. Virtually a day after releasing my thesis; the stock hit my short entry target. Interestingly enough though, I didn't take the short. My technical analysis at that point, told me the stock had short term upside. My readings "troubled" me so much that I indicated the stock should NOT be shorted and in fact; stated that the stock could hit the 12 dollar range. The stock went on to hit a high of 12.64 that day, and a high of 12.73 the following day before pulling back to close at 10.63 on Friday. I use this example to illustrate that I am not married to any side (long or short); or any stock. My ultimate goal in the market is to make money. Yours should be too. Not marrying my previous short thesis, allowed me to capture a 30% move in this stock or +3 points, to the upside.
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