Weekend Update Notes
WU 041815COTD: PSX – 4/30 Alert: $80
VIDEO ONE: Don’t be buying new stocks. Cut weak ones (you can always buy them back if you must).
Think of this weakness as an EVENTUAL buying opportunity. Market needs to get oversold first!
Want to be into beaten down stocks. They have less to fall. Not a good market for momentum. A good
one for “hunting and gathering”.
SPX – another price cycle. You should be raising cash (and have raised some via stops on trading
positions)
SSEC-X – big day!!!….um, bad night. China curbing margin trading…AND allowing funds to lend
shares to short sellers…AND expand the list of stocks that can be shorted.
T2122 – close to low.
DJT – still laggard. Compare w/ SPX. Obvious divergence.
NDX – 4,285 support
COMPQX – 4,850 support
MDY – bounce
IWM – still in range.
USO — $20 resistance..”W”
UCO
DXY0 – consolidation
Oil Patch – safer than mo mo.
XOP
OIH
XLE
WFT
o AAPL – breakdown below 50dma.
VIDEO TWO: Drugs/Pharma – generic/specialty
1. AKRX – Watch for dip. May 4th earnings. (JPM $61 target). $Alert $50. Start SMALL position
now if you want)
2. MYL – watch for pullback?? Teva considering bid for MYL. Won’t pull back. MYL tried to buy
PRGO for $205/share
3. TEVA – consolidating. Low $60’s’. Alert $62.
4. HZNP – weekly chart. Walking higher.
5. CBYL – Recent IPO. Phase II candidate for osteoarthritis. Trade this technically. Alert $6.50
6. ACT – Holding at 50-day MA.
7. ZTS – livestock/pet meds. Squeeze. Early May earnings. Alert: $47.50
8. ENDP – 4/29 earnings
VIDEO THREE:
1. AAPL – week from Monday.
2. TSLA – ALERT $212.00
3. NFLX – weekly chart dictates decision. Daily dictates action. Alert: $575
4. CRTO – good balance sheet. French company – digital marketing software. Online product
recommendations in ecommerce. Analytics/advertising. Alert $40 AND $45
5. UA – 4/21
6. MS – 4/20
7. JPM – look at failed breakout
8. IBB
9. AMZN – 4/23
10. FB – 4/22 testing support at 50dma
11. GOOGL – 4/23 lots of resistance.
12. TWTR – Alert $53.50
13. UTX – critical line. Resistance overhead.
Sector Spotlight Stock Watch Weekend Recap