Sunday, March 7, 2010

Watchlist and the McClellan


Sunday night charting! So as the McClellan is showing, the market is well into overbought territory, which is also backed by the RSI. With the MACD also lowering, I would be look for a pullback in the next couple days. If the S&P doesn't break the previous couple months high at around 1150. The S&P is moving up strong with a bit more to go to the 1150 mark, which doesn't leave much on the upside of things. If the pull back doesn't break the month and a half uptrend, I'm assuming it tears through the 1150 mark, which lets the bulls be super aggressive. For the first Sunday of this blog, lets keep it short! On to the watchlist!


Sell - AEM BVN CNW UNH
Buy - AKS FLIR MRVL VPRT WLP
Patterns - AAP BBT GE MFC RYL TOL (AAP has a symmertrical triangle going on, but also an uptrend within it that may break the triangle soon!)

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