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This list is made up of high probable stock setups from the previous week’s price movement. These tickers tend to match my criteria of volume, high range,and historical price movement with suitable risk vs reward setups. These stocks also have a lower market correlation and act inversely at times from the broader trend.

 

These 5 stocks will be towards the top of my day trading radar this week.

 

 

Top 5

1

WLT- The carbon tax issue sent energy and coal stocks tumbling last week. A small attempt to bounce Friday failed for this stock. We could see a possible trend lower.

2

STX- The dividend capture players saw an easy trade last week as the stock trended up for half the day Friday before declining into the close. The stock has done well since earnings despite the Friday pull back.

3

EXPE- This stock broke out of it’s weekly range at the open on Friday. It ended the day just outside of it but price action suggests a move higher.

4

JCP- Michael Douglas would call this stock a dog with fleas! Plenty of great risk to reward breakdowns and tops for this chart.

5

FSLR- This stock is some aspect of an Obama play. In reality it’s down over 90% from it’s peak with no real competitors in the solar market. No reason it can’t run higher this week off of Obama mo mo.

 

Questions about day trading or managing risk? Feel free to contact WallStreetNole 

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