Wall Street Nole’s Day-Trading Weekly Top 5 Watch-List

 

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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 $QCOR – It denied $30 on Friday but something is in the water with this stock. Look for the breakout or another failed breakout. if you can time the entry right you could be rewarded big time!
2

$DPZ- This stock is a great example of a multiple failed breakouts followed by confirmation selling on Wednesday and Thursday. I’m short bias Dominos and even bought a pizza this weekend from Papa Johns for good luck.  
3

$AEM – With Gold reaching a 6 month low the miners like AEM have followed. I think we are a very pivotal spot for this sector and I feel up or down this stock will be in play this week.  I see no reversal signal yet but I would like to look at this play for a possible bounce intra-day off extend selling and maybe some squeeze covering. You can’ t rush this trade or force it. Preperation is key and keeping risk low is a must if you are going against the trend.
4

$MNST – Rumors swilred about MNST and a possible Coke buyout. I find this hard to believe with all the rumors good and bad on MNST that never amount to anything. Volatility has come back but I’ll be short bias heading into this week.  
5

$DECK – A rare repeat watcher from last week but one of my favorite intra-day movers that has huge range. The stock does not prefer to trend-intra day rather pop and reverse when volume comes in. I believe the stock may try to push towards $46 through the next couple weeks. Reversion tactics with long bias will be my trading preference. 

 

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

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