Stock Plan for 4/16/2012

Today is the 1st time that I will be 1. writing down a plan in my blog but 2. the 1st time that I actually took a couple of hours to analyze a stock. I wrote down all my support/resistance marks along with a plan for each stock that I will be following. I'm curious to see how this will effect my trading since before I really only looked at stocks the day or around when I was considering trading them. I now have a plan so this should make me feel more in "control" when getting in and out of a stock.

Here is what I came up with for during the week to watch:

SNPK:
Should not buy SNPK at these levels, almost 40% dip should be soon. Look for 1.20-1.10 range in drop
- 1.82 was Friday EOD resistance
- 1.83 is the all time high, buy if it looks like it will break above that (lv2 Ask not stacked)
        - It may gap above this price on Monday Morning, if so this may act as support.

Area's of support (SNPK):

1.80
1.77
1.75
1.72
1.70 (should be a key support)
1.67
Any lower proceed with caution do not play if it falls below 1.50-1.55 range


SEFE:

- 1.30 Was Friday Resistance
- 1.31 was all time high, buy if it looks like it will break above that (Lv2 must not be stacekd)
        - It may gap above this price on Monday Morning, if so this may act as support

Area's of support (SEFE):

1.28
1.24
1.21
1.20
1.19
1.18
Any lower proceed with caution, do not play if it falls below 1.17 (unless bounce acurse). Someone in chat said that this promo was over. I will have to see how it trades Monday to know whether it is still in play.

LUXR:

See how it performs on Monday, may have been an EOD pump. Most volume in the last hour of day. I will keep this on my watch list

.8904 is LUXR all time high. Keep on eye for break, if gaps could prove to be new support. I may buy this one if it breaks that resistance.

That is my watch list for the week. Depending on how they perform I may add/remove tickers from my list. I will also update my plan every night so that I can stay on top of the performance of these stocks. I also updated my layout on e trade so I have a separate screen in the program where I buy and sell. I was losing focus on the trade due to moving the balance, buy/sell and order status around while I was in a play. I am curious to see if this will allow me to trade better and also allow me to not be as nervous.

UPDATE:
In the new AP email they stated that SEFE still should be "watched" but it doesn't seem to be their pick anymore. Will definitely have keep my eye on it to see how it performs on Monday. On a positive note, they will be releasing a new pick soon which I will add to my watch list and may buy into if it looks good.