Watchlist for the week of Feb 18-22

The markets keep pushing higher since my last post 2 weeks ago, and all the same trendlines remain. We've almost reached the first ascending trendline and RSI is getting close to oversold levels on the weekly chart. Perhaps one more week higher, and we should see a pullback. Alternatively, it's possible that we see a small pause this week, before moving higher again next week... Either way, we're still in an uptrend on the weekly chart!

 

 

The only thing to take notice of is on the daily chart, where price keeps making higher highs, but volume is decreasing on green days, and RSI, stochastics and MACD are all starting to show some divergences (higher price, lower high on indicator). Additionally, the down days are seeing higher volume lately, and I think it would be very healthy to come back and visit the 20d MA, which hasn't been touched in 2013.

 

 

 

Here are a few stocks I'm watching this week:

 

Long: OSK, NTAP, TZOO, YPF, KERX, VHC, TA, HMPR, CELG, BMRN

 

Short: GNK, SIMO, BIDU, PETM, RAX, RPRX

 

Parabolic short: SPWR, DQ, UNXL, TECUA, INCY, BIOF, EV, PCYC, TRLA, VCLK, ASYS, ROIAK, ATVI

 

Bounce: HSP, EZCH, PBR, RVBD, END, EHTH