Wall Street Nole’s Day-Trading Weekly Top 5 Watch-List
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.
These 5 stocks will be towards the top of my day trading radar this week.
| Top 5 | |
| 1 | LTD- I believe we have one more pop in this stock before it goes ex-dividend on the 18th. LTD trades at 50.42 as of the close on Friday, compared to prior of special divy announced price of $50.56. Technically, this stock is holding $50 pretty well. |
| 2 | TRIP- Had a super strong double top formation and will need to hold $40 if wants to trend back up. |
| 3 | KORS- Looks more like it wants to downtrend now after some of the retail hype has died off. This stock is giving good uncorrelated moves intra-day and looks like a decent short on the daily chart as well with price now below both the 12 and 60 EMA’s. |
| 4 | CRUS- Approaching some sad levels as this stock is hitting lower lows constantly. 25 will be do or die for this stock in my opinion. Be prepared to take action if there is strong support. |
| 5 | AOL- had a slight decline since ex-dividend but now is sitting right on the 200EMA on the daily chart. Price action Friday attempted to to go below but was quickly bought back up. One more day of confirmation and this should give a great indication of future direction. |
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