Watchlist - 04/04/2018

Selecting Stocks and Analysis

The overall market has been getting hit pretty hard thanks to some news about tariffs / trade war. There have been a few volatile stocks getting halted but otherwise I haven’t seen anything particularly easy to trade recently.

$SPY is climbing in premarket but it kind of did that yesterday then tanked.


$AMD

Getting hit really hard and even cracked support of $9.70 on Monday. I’m planning to build up a ~400 share position as it goes lower. I feel this dip is a bit extreme and the prices are too low to pass up. This price region is around where my last add was in OptionsHouse a year+ ago. I’m planning for it to be a longer term position but since I’m using IB I can slowly add without getting destroyed by commissions.

Float: 962.89M
Short: 18.08%

$TVIX

As the market gets weaker the VIX ends up spiking. If the $SPY cracks $252.90 there should be tons of volatility.

$CASI

Earnings. It looks like it’s above all resistance levels from the past year. This stock has done splits before so it’s not that great.

Possible support at $5.35 / $5.80 / $6.30. I’ll watch it for a huge morning panic.

Float: 32.11M
Short: 4.06%

$PTI

Fast track designation. Seems like most gap ups tend to fail.

Float: 27.88M
Short: 11.44%

$SSC

Earnings. I was watching this one yesterday and it was an extremely slow grind to break over $3.00 then exploded 25c. This is a Chinese company so I’m not sure how the tariffs will affect it if at all.

Float: 24.00M
Short: 3.69%

Watchlist Review

I basically caught the exact bottom on $AMD at $9.05. Unfortunately, I sold it way too soon since it looked like it was going to roll over with the $SPY and I wanted to re-enter even lower. I should have just held it and added lower which is what my plan was. If it had outright tanked I wouldn’t have sold but instead it spiked a little then got choppy. I didn’t want to have a winner turn into a loser.

I tried not to watch it but that’s pretty difficult. At least I now have the experience.

$AMD 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.