Trade Picks Part 2 for the week of Nov 19 - 28

New Picks: 

I found few  more stocks here today which could see potential up trends in next few days. 

• XON - Entry point 35.30-35.50 level with an exit target of 42 level in next few weeks. Now keep in mind there are 2 Fibonacci supports at 37.23 and 36.75 level. So if I am trading this stock I would take 1/3 rd of positions each at these levels and set up stop losses below 10 cents of my purchase point so that just in case if I am stopped out, I would get in at next level and enjoy the ride up. 
• CTRP- As per my studies it has room to move up to 139-140 level in next few days. Curent price is 110.00 and suggested entry price would be 102.87 , and 101.34 level, where I see the supports. If breaks those support next drop would be to 94.60.. I would set up stop losses below each entry point for 60 cents below to be safe. 
• TTPH - Suggested entry point at 11.18 with stop loss of 11.13, exit target 24 level for swing trade in next few weeks. If trade stopped out then next entry point at 10.44 level with stop loss of 10.37 level.. 

Update on my previous blog :

• MRK - My entry price is not triggered yet. If breaks below 53.80 today, should trigger my entry point in next few days. Consider the entry point as 52.70 level with stop loss of 51.90. Exit target remains same as 58.50
• EGRX - Never hit my entry point as I mentioned before. Now near the exit target, where in exit target remains 86 level. Then it should come down to 69-70 level for the next run up. Just wait on this. I will update you for next trade.
• TEVA - Entry point didn't trigger, but at the same time, didn't break out. Today's high, 61.75 is its resistance point. So if doesn't break out should come down for the next entry point 55.80 in next few weeks. I will be watching this. 

Note :
 Dont forget to subscribe to my stocktwits profile and facebook page which given below.
I update most of my stock trading ideas there as soon as I get in or prior to getting in along with stop loss and exit target information so that if someone wants to join me, they can take opportunity along with me.  http://stocktwits.com/USstocktraders

Here is my facebook page where I post most of my option trading ideas and posted immidiately or just before getting in along with target and stop loss. So option players can take advantage in here too 
https://www.facebook.com/pages/JCL-Capital-Management/340432516115721
Note : Please be noted I dont believe in charging for subscription services. All my ideas posted in here are based on my strategy and my own home work. So for however, long I can share my ideas I would be glad to do here as far as I have enough time to blog here. Please do not consider my opinions as advice for you to get into positions. Its your own risk and you should be responsible to do your home work before you take any positions. Happy trading !!

Trade picks for Monday November 16th

Due to important event in life, I didn't get a chance to update this blog. Now am back again with few updates I can write with my available time. Considering market being bearish and on sideways, I would only consider to trade catalyst stocks with small positions... At present I am watching on following stocks with tight stop losses in place. 

MRK - I am watching MRK for an entry at 51.30 level with stop loss of 50.40 for a swing trade. Expecting this to move to 58.50 level in next few days which will be probably by next 2 weeks as per my calculations. It is due for PDUFA in December. 

EGRX is on my watch to enter at 70.60 level with stop loss at 69.90, exit target would be 84.90 level. It is a catalyst stock for December scheduled on 13th. At present volume is my concern. 

TEVA - Entry point would be at 55.40 with stop loss at 54.70, exit target would be 69 level in next few weeks. A catalyst for Dec 9th.. 

 Note :
 Dont forget to subscribe to my stocktwits profile and facebook page which given below.
I update most of my stock trading ideas there as soon as I get in or prior to getting in along with stop loss and exit target information so that if someone wants to join me, they can take opportunity along with me.  http://stocktwits.com/USstocktraders

Here is my facebook page where I post most of my option trading ideas and posted immidiately or just before getting in along with target and stop loss. So option players can take advantage in here too 
https://www.facebook.com/pages/JCL-Capital-Management/340432516115721

Note : Please be noted I dont believe in charging for subscription services. All my ideas posted in here are based on my strategy and my own home work. So for however, long I can share my ideas I would be glad to do here as far as I have enough time to blog here. Please do not consider my opinions as advice for you to get into positions. Its your own risk and you should be responsible to do your home work before you take any positions. Happy trading !!