11/17 Watch List

e-Future Information Technology Inc. (NASDAQ: EFUT) watch for a gap up and any morning push to start into short. Idea is to start small (1/4 or 1/5) with risk based on a whole or half dollar mark – not a blind short to keep adding to until the momentum shifts to the downside. If the trade is working with lower high that is the area to add in based on previous peak or high of the day. Cover into washouts and add into lower highs

Weight Watchers International Inc. (NYSE: WTW) seems to be having trouble getting over and holding 25. That doesn’t mean this does not go higher soon. Look for failed follow through for a potential fade. Ideal setup would be a 24 over/under then lower high

Angie’s List Inc. (NASDAQ: ANGI) just keeping on watch for a blow off top or late day support crack and fade. Filled the earnings gap from July ’14

New Oriental Education & Technology Group Inc. ADR (NYSE: EDU) probable gap up in the morning based on after hours trading. This stock has been on a tear since double bottoming in late September. Monitoring for backside of the move short if the setup is there. Not going to fight this

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