STOCKS IN PLAY – NFLX, CLWR

 

NFLX, CLWR, GS, WAMUQ


Netflix (NFLX:NASDAQ) We have touched on this name many times in previous entries, but the sentiment was neutral then. Bulls and bears were at each others throats, but now it seems if longs have run for the hills. Despite Rule 201 being in effect (Which often is a sign of previous naked shorting) , today’s bounce of roughly 2.5% in NFLX could be viewed by some as a dead cat bounce with no substance. The upside gap fill is also so far away that it isn’t even worth taking about. So unless you are a risk taking bottom fisher, or a scalper, the best way to play NFLX might be from the sidelines. Regardless of your bias.

Clearwire (CLWR:NASDAQ) CLWR has been a stock that many low priced NASDAQ traders have been attracted to for some time. CLWR seems to have a riff with Sprint (S:NYSE) whuch might have been already priced into the decline. On the other hand though, CLWR did come out with some relatively nice numbers that caused a surge. Was the rally legit ? Or did it come from short covering ? A close of $2.20 could change sentiment, but resistance seems to be lined up near the $ 2.60 range.

Goldman Sachs (GS:NYSE) The chart of GS is showing a small reversal, and this is a stocks that hedge funds and PM’s love to jump on if sentiment changes. However there is a ton of resistance in the $120ish range. So longs might only want to consider GS as a swing trade for now.

Washinton Mutual (WAMUQ:PK) WAMUQ has been a penny stock scalpers dream for a while. Shares seem to be in a downtrend and can only be viewed as neutral at best by the most optimistic longs. However, the 6.5 cent support range that we have mentioned several times, really hasn’t been violated yet. Even though WAMUQ should probably only be viewed by scalpers, the shares should still be watched on penny stock lists.

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STOCK ALERTS – MS, UNDT

 

MS, SPY, NFLX, UNDT


Morgan Stanley (MS:NYSE) Shares of MS rallied nicely off of the early morning lows. However, there is still tons of uncertainty out there in regards to the financial sector. This might not be the bottom, but because the sentiment is so bad we could be close. The yield is currently 1.50% at these levels in MS, and considering CD rates and money market yields, that rate is somewhat attractive. Don’t be surprised if institutions start dipping their toes in the water on MS. With the intention of averaging in if shares go lower.

S&P 500 ETF (SPY:NYSE) The was a nice early morning bounce in the Spiders this AM and currently, the daily chart looks like it’s in shape for short term bulls. A sign of a bottom would be if SPY traded in the 320 million share range with a positive close.

Netflix (NFLX:NASDAQ) NFLX is not a stock to own for those who are feint of heart, but there might be a swing trade opportunity. Especially if the market stays relatively stable. Shorts have made a handsome profit recently despite, although some bears were early and consequently got squeezed. Right now is a different scenario though. Any sign of good news in the broader markets could cause spec shorts to cover and provide a trading bounce for bottom fishers. Remember NFLX never tested $100, so that psyche number could be used as support.

Universal Detection (UNDT.OB) There is no news on UNDT that I can find, and the stock seems to only be trading the spread. However, strong activity from penny stock scalpers who have a long bias can have an impact on daily percentage returns of under follwed names. At this point UNDT is up 50% for the day and could potentially show up on some breakout scans tomorrow. Add UNDT to your penny stock list.

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STOCKS TO WATCH – MCP, CLWR

 

NFLX, MCP, GS, NYX, CLWR


Netflix (NFLX:NASDAQ) As of this morning, shares of NFLX are rallying on the open, despite the broader averages being down sharply. It might not be time to act yet, but keep in mind that NFLX was over $300 this past summer. There does seem to be several layers of support in the low $100 range.

Molycorp (MCP:NYSE) Many were predicting a bubble in the space, but many thought it would come at higher prices. MCP remains a tremendous trading stock despite pricing pressure. There seems to be some support in the $30ish range.

Goldman Sachs (GS:NYSE) There is an opinion out there that if you believe in America, you buy stocks like GS when they are beaten up. Well if you like the financials, GS might be your play. However, the stock could be in trouble if it breaks the $86 range.

NYSE Euronext (NYX:NYSE) As most know, exchanges are super market sensitive in market declines. Just keep in mind that this merger stock is still paying more than a 4% yield. John Paulson also has a stake in the name.

Clearwire (CLWR:NASDAQ) We frequently touch on CLWR and have not been fans of the name. Even after the Sprint (S:NYSE) related hype came in. But right now, CLWR has and upside gap to fill at $2.30, and the company does have a cult like following of low priced bottom fishers. Use the $2 level as a gauge for support in case the is a run on stop orders.

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STOCKS TO WATCH – NFLX, JAMN

 

NFLX, WFM, JAMN, GLD, SRCH

 
Netflix (NFLX:NASDAQ) It seems like the shorts are finally starting to have there day in the sun. Despite the initial excitement of NFLX‘s sum of parts story, the stock has faded on Monday. Watch the $143 area as the next level of support before the year low comes into play.
 
Whole Foods Market (WFM:NYSE) Who would have thought that a high end organic grocer would hit new highs with this economy and our current market conditions ? Shares set a 52 week high today, but still could be viewed by some as overbought. However, stocks that outperform in down markets often rip when the turnaround comes, but a further upside move could lead to a retest of $79.70 where a double top could be forming. Regardless of your bias, add WFM to your list of breakout stocks.
 
Jammin Java (JAMN:OB) JAMN seems to keep under performing despite the broader coffee stock sector performing well. For now, JAMN is looking like a dead, fallen penny stock as it drifts lower on thinner and thinner interest. Watch the 55 cent range for support and keep JAMN on your penny stock list on a just in case basis.

Gold Trust ETF (GLD:NYSE) Gold and the market down at the same time sends a confusing message to traders. So for now use $165.88 as a guide, and it could get ugly for gold bugs if that level breaks.

Searchlight Mine (SRCH.OB) SRCH has been on fire lately and seems to have a promo going on. The chart seems to have some potential for longs if shares break the $1.38 level. The history of liquidity in this penny stock name is impressive, but please just view it as a trading vehicle.

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STOCKS IN PLAY – MCP, NFLX

 

MCP, NFLX, DZZ, VKML, UA

 
Molycorp (MCP:NYSE) There have been “psyche number” buyers on past MCP moves near and below $50. But will the flagship rare earth stock hold on another dip ? For now use the $51.20 are as a guide for support. Just remember that the sentiment in the rare earth space can change quickly.
 
Netflix (NFLX:NASDAQ) Lowered 3rd quarter subscribers estimates and the stock is getting hammered in the pre market. A lot of solid support was broken this AM. Use the $176 are as support or resistance if shares of NFLX dip below.
 
Powershares DB 2x Short Gold (DZZ:NYSE) This name is played by day traders who are looking for a low priced way to short gold. Buyers have come into support DZZ on tests of $4. Just remember that there might be easier ways to short gold is you have a longer time frame than one to three days.

Viking Minerals (VKML:OB) VKML is currently at the top of the IHUB most active message board list, so there could be a little more action in the name today. Shares of VKML are currently in an uptrend, but have not been able to break the .10 cent level. There are often sellers lined up at key round numbers, so it might be best to only act if a breakout occurs.

Under Armour (UA:NYSE) Shares are off this AM despite an upgrade and Nike takeover chatter. UA often sees more of these types of rumors during football season, and the stock has made a nice move in the last few weeks. However the longer term charts are telling me that UA needs to hold support at $70.

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