Watchlist for 3-7-2016 – $SDRL, $CHK, $GRPN, $DNR, $NE, $JCP

Today’s Watchlist

Sooo many oil and gas plays on scan, trying to sort through them all. Will need to reassess post 8AM to figure out which have volume. While I like the charts on FCX and CHK will try and focus on the junkier ones like usual.

Had a lot of distractions outside of trading yesterday so chose to work on my “Part Time Trading” instruction video’s and ended up killing a lot of time because the morning session looked uninteresting. In hindsight the afternoon got VERY interesting, but at the point I had decided to just chill and not trade. Lesson, need to always be ready and stalking, if you are fully away or busy fine, but in the afternoon, I was in my office but chose to just not pay attention to the markets. Sometimes one of the biggest challenges is trying not to overtrade, but always being ready at the same time.

Today’s List: Full list from Yahoo Finance

SeaDrill Limited (SDRL) -NYSE

Hmm, well looks like this was a miss….. Death pre market.


Chesapeake Energy Corporation (CHK) -NYSE

Target: $5.50


Groupon, Inc. (GRPN) -NasdaqGS

Target: Pop’s to $5.00


Denbury Resources Inc. (DNR) -NYSE

Target: $3.50


Noble Corporation plc (NE) -NYSE

Target: $13.50


J. C. Penney Company, Inc. (JCP) -NYSE

Target: $13.50