Watchlist - 04/18/2018

Selecting Stocks and Analysis


$VTVT

Terrible long term chart but now it’s above $1.01 so it may be filling the gap.

Float: 9.55M
Short: 2.58%

$I

Float: 116M
Short: 9.30%

$ARQL

Getting close to a breakout over $3.35. Support at $2.50.

Float: 70.1M
Short: 1.69%

$DCAR

Earnings. Extreme low float with high short % according to finviz.

Float: 0.44M
Short: 64.46%

$CANN

Finally got a panic yesterday but the bounce was weak.

$FUSZ

Still on watch for a morning panic.

Watchlist Review

I didn’t really see anything that great except for $VTVT which went straight up. $I had a VWAP pullback but I missed it.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Watchlist - 04/17/2018

Selecting Stocks and Analysis


$HMNY

Has the potential for a short squeeze.

Float: 10.6M
Short: 54.28%

$I

New 52w high but starting to get really overextended on the daily.

Float: 116M
Short: 9.30%

$CRON

Always ends up being really choppy in the morning. Held VWAP pretty well several times though.

Float: 115.32M
Short: 3.66%

$CANN

Weed stocks are back on Canada legalization. This stock has had big morning panics in the past so I’ll be looking for that.

$FUSZ

This is somehow still hanging on. Watching for big morning panics but this one tends to not panic big - at least recently.

Watchlist Review

I was not here for the open since I was too tired.

$HMNY had a perfect opening range breakout. I was thinking last night it might be a good overnight long but it’s such a terrible stock. It gapped up slightly then opened lower and had the ORB.

$I had multiple spikes so it could have been played both ways.

$CRON and $CANN had panics in the morning. $CANN really failed to bounce much and just went sideways.

$FUSZ had a small panic where the bottom dropped out to $2 then it recovered quickly. It just doesn’t want to crack.

Luckily my $AMD buy on Friday was pretty solid. It seems $AMD is now in an uptrend. I plan on selling the day of earnings some time before the close.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Trade Ideas - VWAP Scan

The basic idea behind this strategy:

  1. Buy after it breaks above VWAP and holds it, risk a few percent below VWAP.
  2. Buy after it has been rejecting VWAP for several candles and finally gets above, risk a few percent below VWAP.
  3. Short after it drops below VWAP and rejects it, risk a few percent above VWAP.

It’s not always obvious as to what you should do since each trade is unique.

If the stock is up a lot on the day, look for it to come down and test VWAP. If it breaks down through, wait for it to pop up and test VWAP. If it holds: long, if it rejects: short. Note that it can break a few cents above VWAP and then come down.

The opposite works if the stock is down a lot on the day. Wait for it to bounce into VWAP. If it breaks through and holds: long, if it comes back down and rejects: short the pop.

Not all stocks will follow VWAP so it mostly comes down to experience and how the chart looks. Avoid choppy/illiquid stocks and ones that have large 5m wicks. It seems to work best before 1:00 PM EST.

Here is the cloud link to the current scan that appears to find what I’m looking for. I made this with the demo account and modified it during the 5-day trial period. I’m sure I will tweak it in the future.

Unforunately VWAP does not appear on the charts accurately (with 4.2.28). It’s a known issue and they are working on it. Scanning is perfectly fine though.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Trade Ideas - macOS

Trade Ideas is a stock scanner, screener, charting, etc. application that is Windows only (.NET). Fortunately the 32-bit version of it runs fine under macOS with Wine. I assume it also runs fine under Linux since it works with Wine.

Wine

  1. Download and install Wine.
  2. Download the 32-bit beta release.
  3. Install Wine by copying it to the Applications folder.
  4. Launch “Wine” and it should bring up a terminal.
  5. Install winetricks using brew.
  6. winetricks dotnet45 corefonts
  7. Navigate to your Downloads folder.
  8. Install Trade Ideas using: wine <exe name here>

Crossover

Crossover is a bit easier since it has an installer option for Trade Ideas Pro. It will automatically download the required packages without you needing to do anything. It’s very nice and worth paying for if you can afford it. Paying for it directly supports the Wine project because any bug fixes/improvements are added back to Wine.

  1. Download and install Crossover.
  2. Download the 32-bit beta release.
  3. Once you have installed Crossover, open it and select “Install a Windows Application”.
  4. Type in “Trade Ideas”.
  5. Go to the “Select Installer” tab and choose the latest TI Pro beta 32-bit EXE that you downloaded earlier.
  6. Follow the instructions and you should be good to go.

Watchlist - 04/12/2018

Selecting Stocks and Analysis

Trade Ideas trial starts on Monday. I signed into the demo so I can create a few scanners. The data is delayed by 20 minutes but you can still use it for end of day scanning which is pretty useful.

Some of the cannabis OTC stocks appear to be uptrending but they don’t look that interesting yet.


$CRON

Still managed to have a decent spike yesterday. I’ll see if it can pullback and consolidate like it did before.

Float: 113.07M
Short: 2.94%

$CYRN

Contract news. Weird chart since it’s a 5c tick and barely moves.

Float: 44.29M
Short: 0.27%

$GOPH

It looks like the uptrend is over. There have been two days now where it’s been going down. Still watching for a panic but there might not be one.

$FUSZ

Still not panicking which is quite surprising.

Watchlist Review

Nothing that exciting. I was waiting for $CBI to break over $16.00 but it failed. I realized I should have shorted when it couldn’t break but it felt too low already.

$NETE over the first 5m high was a perfect setup and something you can scan for with TI.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Watchlist - 04/11/2018

Selecting Stocks and Analysis

$SPY gap down on probably R■ssia / S■ria news. I’m only seeing $CBAY up over 10%. Could be a decent day to buy $TVIX.


$CNET

Huge run yesterday and even spiked into the close.

Float: 11.39M
Short: 7.72%

$CRON

Can’t believe I missed this one yesterday. Could have support around $6.00.

Float: 113.07M
Short: 2.94%

$VHC

This one has spiked big in the past but overall it has a terrible long term chart. It seems like any big gap ups result in a red day and it comes right back down. Resistance at $6.20.

Float: 51.52M
Short: 23.64%

$GOPH

Hasn’t been doing too much lately. Still on watch for a morning panic.

$FUSZ

Watching for a big morning panic.

Watchlist Review

$CBAY had a really nice uptrend then had a huge drop from $14.50 to $13.90. It came out of nowhere.

I traded $CALI today since it has squeezed in the past with huge moves. It was halted for 10 minutes and I dip bought out of the halt. Immediately after I bought it tanked 50c and I couldn’t even get out for a small loss. My sell order took several seconds to execute, too.

The first time I try buying out of a halt with real money it ends up being a big loss. I’ve traded those several times while paper trading and they all ended up working. It’s just ridiculous that I end up picking the one that tanks when I decide to buy. I have incredibly bad luck.

I checked the time and sales data and in 5 seconds it dropped 40c+. There was no time to exit. It basically tapped $4 and everyone bailed. I probably should have recognized that but that’s just insane.

There was only one big order which was 58,000 shares at $3.85 and it kept upticking to $4.00. I’m not sure if there was a big order up there or not.

$CALI 1 minute candles



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Watchlist - 04/10/2018

Selecting Stocks and Analysis

$SPY has gapped up and is close to breaking $264.84. I’m planning to scoop up some $AMD shares in another broker today if it gets close to $9.50.


$WATT

Former supernova. This time it has news about receiving FCC certification. Resistance at $23.55.

Float: 19.19M
Short: 33.80%

$FUSZ

Watching for a morning panic now that it is up a lot once again.

$GOPH

Slowly uptrending again. Watching for a morning panic.

Watchlist Review

$WATT had a panic then was choppy. I don’t really like it since the spreads are big.

$FUSZ finally broke out at 11:30 AM and I tried buying at $2.11 but didn’t get filled. It was midday and the volume was weak compared to the morning. Later it really failed and broke through the open and prior close. If it stays red there should be a decent panic tomorrow.

$S had this insane spike and got halted twice on news. I’ve never seen a high float (634.24M) like that get a volatility halt. Out of the second halt I was thinking about buying it but it moved really slowly so I wasn’t sure. My friend shorted too low then shorted again into the next spike. He came out with a really nice win then proceeded to trade it a few more times for smaller wins. Not bad.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Watchlist - 04/09/2018

Selecting Stocks and Analysis

Massive dump into the close on Friday for the entire market. $SPY and $VIX are just kind of sideways at the moment.

I signed up for the $8.88 5-day Trade Ideas trial. For the standard option it’s cheaper than STT so I’ll see how well it works.


$CASI

Broke out on Friday. I actually removed it from my watchlist since it seemed dead the previous day. Possible support at $6.60.

Float: 27.36M
Short: 4.77%

$TRPX

Very choppy long term chart. Seems to have spiked on cannabis news previously so it’s in the pot sector. Possible support at $6.00 and resistance at $7.20. Also under SSR.

Float: 2.65M
Short: 3.65%

$GOPH

Held up pretty well on Friday. Watching for a morning panic.

Watchlist Review

Kind of a boring day.

$CASI followed the market when it was panicking and had an OK bounce. Spreads weren’t very tight.

$TRPX sold off almost immediately like most biotechs.

$GOPH had no panic and seems to be slowly uptrending.

$FUSZ seems to be getting pumped because it keeps going up every day once again. This will be on watch tomorrow for a morning panic. Looking at the daily chart this definitely looks like the “dead pump bounce” pattern. If it has legs and gets over $2.10 on volume it’ll be a breakout; otherwise it should go back down to < $1/share soon.

^ up to $1.77 now. Has to be getting pumped.


I heard about an “opening range breakout” scan and decided to make one for thinkorswim. I Googled around and found this which plots the opening range for the first 15 minutes. I modified it a bit in order to work with the custom scan filters.

I’ve seen this strategy work several times at the open where the stock puts in a high, drops a bit, bounces back, then powers through the high of day and keeps going. An example of this would be $ABEO from today.

thinkorswim does not have the best scans since they’re delayed and don’t update super quick. This particular scan is only useful within the first 30 minutes of trading.

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input begin = 0930;
input end = 0945;
def active = if secondsfromtime(begin) >= 0 and secondstilltime(end) > 0 then 1 else 0;
rec ORHigh = if ORHigh[1] == 0 or active[1] == 0 AND active == 1 then high else if active AND high > ORHigh[1] then high else ORHigh[1];
plot scan = high > ORHigh and high from 1 bars ago < ORHigh;



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Watchlist - 04/06/2018

Selecting Stocks and Analysis

Market sold off after hours due to some news about tariffs being increased from 50B to 100B. Not much going on during premarket besides $LFIN.


$AMD

Sold off with the market last night but is up slightly during premarket. If it can get close to $9.50 I may enter a small position. I would prefer to hold in my other account but the funding takes a few days. I’m hoping for a huge drop back to the low $9 range.

Float: 962.89M
Short: 18.08%

$LFIN

So many easy 5m bull flags yesterday. Every single one worked out.

Shares outstanding: 46.54M

$NETE

Support at $9.62 and $7.75.

Float: 2.71M
Short: 21.84%

$EYEG

Terrible long term chart. The only resistance I see is at 0.73c then it has room up to $1.04.

Float: 16.45M
Short: 3.67%

$GOPH

Finally got a morning panic yesterday. The bounce wasn’t that great but I’ll keep watching it in case it does it again. Possible support at $2.70.

Watchlist Review

$LFIN got halted on a T12.

$EYEG had a nice pop out of the gate but failed to continue.

$FUSZ dipped then uptrended for a while. Supposedly it’s a pump so it may be one to watch next week if it continues.

Way later in the day my friend alerted me to $AVEO having a massive wall of sellers so I got short on the ask at $2.28. I had to wait a while since the stock is under SSR (short sale restriction) - which means you cannot short into the bid. I did not expect to get filled since it already started to drop. It popped up to $2.28 really fast and I got executed. I was actually getting ready to cancel my order but got a surprise fill.

I got out for no gains/losses because it kept holding up after 5c drops. I covered into some panic and technically made 2c/share. I was looking for at least 5-10c down to $2.20. The huge sellers also disappeared so it’s possible they were just pushing it down but not actually getting filled.

The $SPY started to dump really hard during this time as well but it had no reaction.

$AVEO 1 minute candles



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Watchlist - 04/05/2018

Selecting Stocks and Analysis

Today I’ll be letting my algorithm scan for stocks that fit the dip buy / reversal pattern. It won’t make any trades, just alert them.


$AMD

Two upgrades today after having an insane run from $9 to $10. Probably won’t buy unless the $SPY rolls over. I funded an account at Ally (previously TradeKing) so I can bag hold it when it has these nasty drops. If I trade it in IB I simply cannot resist taking profits when I should be sticking to my plan and holding.

I still think the current price of $10 is very low but now it feels like a chase.

Float: 962.89M
Short: 18.08%

$LFIN

Super sketchy company with class action lawsuits and SEC investigations. IB has 25K shares at the moment but those will probably get taken fast.

CEO of controversial crypto company Longfin blames short sellers for stock plunge
Typical.

Shares oustanding: 46.54M

$GOPH

Impressive up day yesterday. I’ll be watching for a morning panic down to $4.00 or $3.80.

$FUSZ

Climbed back yeseterday and ended up over $1 again. Watching for a morning panic.

Watchlist Review

I was mainly watching $GOPH today since it was up a ton yesterday and figured it’d have a panic at some point. It had a small spike then had a huge panic which was absolutely perfect. I waited for it to bottom but got in too early even though it was starting to reverse a little near $4.10. I managed to get out just in time before it really tanked.

The loss was small which is perfectly acceptable. I waited a little bit longer for it to bottom again but I could not get filled since it was bouncing for real this time. No fill at $3.73 or $3.85. I really intended to rebuy a second time but just couldn’t get executed. It’s really frustrating but I am happy with my exit.

$GOPH 1 minute candles



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.