Watchlist Update/Top picks 1/8/16

What's up folks, just updating the Watchlist and gonna post my top picks as of right now because a bunch of my watchlist are just breaking out lovely. Now having winners is great with a tanking market but the market took some victims from the watchlist also. I believe HLTH and PEIX from yesterday's post ate poop. If you can't already tell I trade triangle patterns which is mostly derived from the Fous4 which you can check out at fousalerts.com but I have developed some patterns of my own along the way, one being basically a dead cat bounce patterns, currently trying to think of a cooler name, but its basically just like the name implies, if you drop anything on the floor it will bounce some way. With stocks its the same you just have to find the floor. So with this tanking market my screener was just riddled with "Dead Cat Bounce" plays. So here they are, plus what triangle patterns are left over after all the breakdowns and breakouts happened. I will try to elaborate under some of them and if you have any questions I'll let you know how to get in touch with me at the end of the post, but its in the bio above.

IMMR is one that is a little expensive for a dead cat bounce play because a bounce could be anything sometimes huge sometimes not so much. 

SDLP was one of my previous successful dead cat bounces, I alerted it to bounce at 3.00 and it did all the way to 4.00, last time I was in 1st grade that was a 25% gain and you can't argue with that. But it has dropped back and I am hoping for a bounce off of 3 again for a double bottom.

I found one remaining triangle pattern, I'm sure more will come momentarily they're all too busy at the moment breaking out. lol

This is a pattern that I am developing personally on my own. The key to every trade is that if you are bullish on a stock and it starts to break down DO NOT HOLD!!!! When you buy a stock do you remember how easy clicking the buy button was? Well it is just as easy to click the sell button and then rebuy. Everyone of these stocks can tank even more tomorrow or the next day or the next day. But they just came out with this thing called patience and every trader needs it. For example I kept ABX on the WL for weeks and it's just now breaking out. Patience is very very importance. Almost as important as cutting losses short!!! Because I can't promise that all of these are going to break out, or any of them are going to. All I know is that if the setup forms then I am bullish and if the setup breaks down it becomes dead to me. 

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Top Picks as of today!!!

Several of my picks have currently broken out and others are currently breaking out. These are my top picks as of today. 

If PPP can break that 2.7ish area then it is good for running to that next level resistance at around 3.00

The above pics are my top picks that have completely broken out and are making me look like I really know what I'm doing lol HMY just runs over night lol I just checked and its currently at 1.50 ah which is a 50% gain from my 1.00 buy alert. 

These are currently breaking above their buy positions and they could very easily break back down but as of right now it is breaking out of my setup so I am bullish.

Well that's all for me today guys, hope you all are profiting in this market turmoil, It has caused me to be over hesitant which doesn't help when all my picks are breaking out lol. But if you want my alerts on social media please follow me on Twitter and or StockTwits or join the Facebook group I'm in, that's a good group of people who you can grow in your experience with. Also you can comment on posts, or email me questions you don't want out in the open, all that information is in the bio above. 

Please feel free to give me some feedback because I feel like google blogs is padding my numbers to make me feel good, I have had some people shouting me out and liking my blog shares on Twitter which is awesome you know who you are. As my blog continues to grow I will hopefully be looking into doing some video lessons but that's for the future. Until then I will just be doing these. 

Stay Educated. Stay Disciplined. Stay Profitable.  

Take care guys, 

JP