Sunday, December 16, 2012

Watchlist for the week of December 17-21

We had a small pullback this week, which was well-needed in my opinion. On the daily chart of the SPY we're forming a triangle consolidation withing a larger pattern. I expect the market to find support around the lows of friday, or perhaps a tad lower near the 141 area, which coincides with the 20d MA. Volume is likely going to be lower until the new year, which is often good for small caps or stocks with high short ratios.




Here are some stocks I'm watching for the week:


Long: CTXS, SMBL, GPRE, EXPR, DNDN, RVBD, BAC, SLXP, CLMT, FXEN, CPHD, AMD

In play: SWHC, ARIA

Bounce: DKS, ARIA, AVD, TEVA, OPTR, ALLT, SWKS

Short: BEN, CALL, FB, USB, CHK, CALI, NAK

Parabolic short: NED, QUAD, NEON, RKUS, ICPT, TSL, STXS


Good luck this week!

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