Jan 19, 2017 WL

ESEA - Euroseas Ltd. (NASDAQ) looks like a possible spiker, needs to break above $2.01 and hold look for volume and adjusted risk at .05 cents


BAC - Bank of America Corp. (NYSE) good bounce of $22 (PP) area anything near $22 is a buy with $11.80 risk at most for long plays. Break above $22.60 on good volume can bring this to new highs (or possible retest), there is a nice bearish divergence with momentum


CHK - Chesapeake Energy Corp. (NYSE) watching this at $6.92, holding above can see this go higher as RSI trying to get above 50 level and MACD might be bouncing of 0 line (key now is watch it to get above PP)


CAT - Caterpillar Inc. (NYSE) liking CAT here as it grinding above the PP with RSI ready to bounce of the 50 with MACD ready to cross as it staying above 0. Catching a little triangle to the upside with $92 max risk depending on the entry.