Tuesday, July 14, 2009

STOCKS TO WATCH

With the big move in the market yesterday and the big pullback last week, there are a lot of nice possible bullish patterns to look at. Some of these could use another day of confirmation (like the financials). The list includes a lot of tech stocks as well as financials. Note my market analysis in the previous post. Some of these moves might just be short rallies that lead to another move down. Keep that in mind as you manage your trades. The patterns I like include STX, WDC, CTB, MFE, STEC (wait for a small pull back on this one...the move today was pretty big), AAPL, AMZN, GOOG, BIDU, GS, MS, AXP, or the XLF. Additional confirmation might include a break above the 50 day moving average, a break above a resistance area or line, a break above a trend line, etc.

No comments:

Post a Comment