Tuesday, February 16, 2010

A Few Setups To Watch

Just a few setups I'll be watching tomorrow - to get into any of these, I would need to see a big spike in volume early on. While I think the bulls gained the upper hand today, I am not anxious to just buy whatever as I still expect some games to be played. Some of these could easily reverse as they are at key resistance levels.

All Charts from Telechart, Courtesy of Worden Brothers, Inc.


bmbull said...

I guess we see things a bit differently -- I remember seeing both CYD and CAAS in my list for potential short setups tonight.

But hey, that's what makes a market...

Mac said...

Oh, I can see that too - I guess just based on today's action I have to give the bulls the benefit of the doubt so I am looking at potential breaks of resistance. But if the bulls falter and can't follow-through, they would be prime shorts.