Monday, May 13, 2013


Toni Hansen's Watch List for the Week of May 12, 2013
Group Schedule
Our group meets every Friday after the closing bell at 4:05 ET. Each session is 90 minutes and begins with a market overview and outlook, followed by long strategies, then short strategies, and finally Q&A and further education.
Register for Friday's Session
Toni Hansen's FX Trading Boot Camp Begins This Week!
Finally! After a very long and crazy winter, Spring has arrived! And with it... A brand new trading boot camp! 
Please review the download for this week's session for greater detail on the securities and strategies discussed. Our Focus Stocks are covered immediately following the Market Overview.

Long Strategies

MELI
NRGY
XCO
AGU
SHPG
POWL


* Last week was an awesome week for our long strategies and many have continuation potential, so check out the list below for those still worth watching. 
Short Strategies

GE
COV
BLL
T
RHP
CBG
RGLD
MSI
INTU
DLR

PDCO
CMCSA
TIF

** None of the stocks on our watch list triggered a short last week, but many have weekly extension and are once again on watch for this week.

Investment Watch List for Position Traders: 
GCA, PWR, BSX, GGS, LXU, HWKN, LCUT, DNB, STJ, NVDA, APA, EXPD, LVS, POT, FLY, EVER, OZM, APL, EEP

Additional Daily Stocks to Watch

Long*: VRTX, TAXI, EEP, GLP, SCTY, MAKO, INFA, FST, PMFG, TDC, DW, ISRG, JCP,  RVBD, HOLX, INVN, SINA, BBRY 
Short**: COG, TRV, APO, KS, SIRO, TRIP, CBD
The Details


MELI, NRGY
 are continuation gap strategies focusing on 60 minute continuation patterns.
XCO 
is a breakout continuation on the daily time frame.
AGU, SHPG, POWL 
are reversal strategies based on "two-wave corrections" and shifting momentum at support. See HSII and HOLX from last week as examples. 
AGU 2-wave correction on the weekly time frame. Now changing momentum on the daily charts. $98 first resistance. Con: Intraday momentum not yet shifting to favor bulls. 
   
COV 90 minute pivot following a return to 20 day sma resistance on declining volume and slower upside pace compared to previous descent. Nevertheless, the retracement was over 50% of the drop on the 26th, so the zone of prior lows around $62 will be initial support. GE and BLL are similar daily strategies and both will have support just above prior daily lows.
T, RHP, CBG are all daily Avalanche strategies. I am looking for target levels that break prior daily lows. The highs of the past 5 days prior to breaking lower will serve as a primary resistance level. 
MSI, INTU, DLR are all gap continuation strategies. Watch the 60 minute charts for slower upside momentum and breakdowns. Manage on this time frame.
PDCO, CMCSA, TIF are all forming potential Momentum Reversals on the daily and weekly time frames. The momentum shift is not enough for a larger trend reversal yet, so look for target levels at the lower end of the daily trend channels.


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