Stocks to Watch and Market Comments Submitted by Nick at Ambitions as a Stock Trader
Submitted by My Ambitions as a Trader and Investor
Several Things....
This week is a bit busy for me so do not be surprised if my posting is not as frequent as other weeks. There are several things to keep an eye on. If we close at the HOD today, the DJIA will be in good shape to head higher as we have faced some resistance at the 13,200 level. If it can't close above this level, we may head down a bit to retest the area between 12,800-13,000. The NADSAQ needs to close above 2,550 in order to continue its short-term uptrend. If it faces resistance at that level, it may retest the 2,500 level. Likewise, the S&P also needs to close at levels near the HOD (which is slightly above its 200 day MA). Otherwise, it may run into some trouble and take another nasty dip. The Russell 2000 Index needs some more work in order to reclaim its 200 day MA. If it faces resistance and can't climb above the 200 day MA, it may be a good idea to initiate a short-term short position
in it.
As far as stocks are concerned, there are many stocks that have found support and pivot points off of their 200 day MA.
Some interesting stocks that are heating up the charts...
SVT
PLX- Avoid this stock if you are afraid of heights. This is undoubtedly a momentum play and a potential future high, tight flag candidate.
SHEN
VSEC (comeback?)
ACP
CCOI
VMW- Expect the stock to pullback a bit as it has had a quick run-up
SLI
ARTW
CVGW
My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer
Visit 1800blogger to see all of our industry leading blogs
Labels: ACP, ARTW, CCOI VMW, CVGW, PLX, SHEN, SLI, small cap stocks, stock charts, SVT, VSEC
