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.
| Top 5 | |
| 1 | $HP huge sellers came in a the open on Friday as HP’s long term trend has been stalled at $69. Since then, nothing but consolidation has occurred and now a possible start to a downturn after heavy selling hit on Friday and Monday of last week. Watch HP this Monday, it needs to hold $63.50 to stay in consolidation and have a chance at getting back on the uptrend. |
| 2 | $RY – Unlike US big banks the Royal bank of Canada is putting in a 2 week downtrend on the daily. In the press $RY is doing great with a new emphasis on returning shareholder cash. Economically, Canada seems to be holding up well with strong data and manufacturing numbers. The technicals do not lie though as the company has slid about 7% since the start of the month. Watch this stock going forward as it may trend more to the downside. |
| 3 | $GMCR – The coffee stocks have been running nicely with the market and the intra-day volatility is right at the sweet spot for this stock. Last year as a sub $30 dollar stock, I felt GMCR was much too manipulated by “muck”. Today with strong price action and consistency, I feel much better about trading it. I’ll be a buy the dip kind of player on it assuming the market continues to churn. |
| 4 | $NAV – The biggest runner from last week putting in a double “gaparoo” with massive volume coming in on the buy side. This is a trade you can take a little size off and try to time the reversals. It was resiliant Friday, dropping and then coming back above $35 twice before closing at $35.43. This could have even more strength going into next week. |
| 5 | $AFL – Ended up selling all day on Friday with huge abnormal options activiity. The insurer has been down trending ever since November but this was the biggest single day of selling it has seen in a long time. Be on the look out for higher relative volume and a possible continuation for a downside move. |
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