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 radar this week.
| Top 5 | |
| 1 | $GNTX- A stock I really like form the Ryan Mallory’s quick pick. What looked like a “for sure” breakout on Friday morning fizzled out along with the market. $20.15 will be the spot on this one. I would like to see it re-gear above $19.75 and gain momentum as it re-tackles highs. If the breakout holds, watch out above! |
| 2 | $NWSA- Earnings and court settlement have put News Corp back in play. We saw great price action on Friday when the rest of the market went to sleep. The stock hit a long term high at the end of the day on Friday. Watch this one all this week including out of the gates on Monday. |
| 3 | $JBHT- This stock is strong and earnings volume was through the roof. As it continues the incline, remember that volume comes and goes on this stock. Look for advantages at the beginning and end of day for strong risk to reward setups. |
| 4 | $URI – My turtle trader of the week continues on the path to higher highs. Immediate earnings action was a mixed bag but days later the stock continued to rise. I’ll still be long bias and will use near term MA’s as a guide. |
| 5 | $. DECK- We love the intra-day price action on this rocket in the Splash Zone. It has really come to life well over the past 2 weeks. $44.16 is the breakout spot that it appears to be attracted to. It now is starting to trend above both the 12 and 60EMA. It could be the day trading stock of the week if it keeps up the bull run. |
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