Sunday, November 4, 2012

Watchlist for the week of Nov 5-9

Well, the market briefly bounced last week, but on fridayit got rejected at the 50d MA and we ended the day with a big bearish engulfing candle. This bodes well for more downside, and I'm still looking for the target of ~138 on the SPY and my chart from last week basically hasn't changed much. I will likely be playing more short setups this week, but we'll have to see what happens. The presidential elections will likely have an impact on the market, so it will likely be an interesting week. See the chart below:




Here are a few setups I'll be watching this week:

Long: SVU, TASR, OSTK, MTB, MTG, CTRP, SRPT, LPHI, SANM

Red/green: SLCA, ANTH, AZC, XIDE, STP

Bounce: NUVA, CRUS, ZUMZ, VVUS, ALXN

Short: XNPT, REGN, OCN, ZLC, ALNY, SMBL, SMCI,  DVAX, BVSN

Parabolic short: ENZ, ALC, BGFV, CARB, ACCO, VAR, IMH, PBH, HNSN


Drop me a line if you want more information on how to play these setups and good luck this week!

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