It's also interesting to note the negative divergence that formed two weeks ago in the SPY (shown below), and this also happened back inte Sept-2011, so keep an eye on your indicators to get a sense of the overall possible direction.
Here are some ideas for the week:
Parabolic shorts: AFFY, CADX, ETRM, NVAX
Shorts: RPRX (see the chart below), PCYC, PCRX, SMBL, CYTR, DDS, GNK, FONR
Longs: PRMW, LNG, CIE, DMND, PATK, RSE, PSX, ECYT, ASGN, LPI, DXCM
Dead cat bounce: NLST, ADTN, QTM, CALX, SVU, PAL, LXK, AMPE, MAKO, DGIT (sitting on support, see chart below)
It takes me too long to post charts for the whole watchlist, but if you're not sure how to trade these, drop me a line at cathcampbell_25 (at) hotmail dot com and I can explain what I'm seeing and how to trade particular setups.
Good luck this week!