Charts to Watch

Some charts to look at for the upcoming week. After Friday's action, I am going to hold off on even looking at entering longs for the time being except for possibly some short ETF's. If the market holds here and somehow strengthens back up, then there will be time to get back into some longs. Right now, I think shorting makes more sense. None of these setups are absolutely perfect, but they are worth watching depending on what the market does next week. If we breakdown further, then these look like good possibilities. The first two charts are the short ETF's. Good luck next week.

SSGSCC

ATI

AMT

BAC

FUL

CPKI

ZION

SCHN

TXI

TBSI

JAVA

Charts from Telechart2007, Courtesy of Worden Brothers, Inc.

Tags: ATI, AMT, BAC, CPKI, FUL, SCHN, JAVA, TBSI, TXI, ZION