Wednesday, December 21, 2011

Rough Start, Good Ending - Still Somewhat Bullish

I wasn't watching the market much today due to commitments at work, but after some heavy early selling, the afternoon bounce back was at least nice to see.   I was stopped early on two of my three longs from yesterday - it happens (a lot in this market).   I went into a few small positions today as I still expect the market to attempt to rally a bit more from here.   We're getting to some interesting levels that (if broken) could lead to some nice year-end action.
Nasdaq
Russell 2000
 S&P 500

A few names I am watching here are shown below.   I am not being very aggressive with anything here as the market remains too volatile to be aggressive, but it's worth keeping a watchlist ready now because you just never know when the market will end this miserable chop and get a bit of a trend going.   Not saying that it's going to be now, but you always want to be prepared.

CMC
DLTR
GPI
VHC
VNET

2 comments:

Anonymous said...

Hi,
Love your posts! Which website charts do you show? How did you setup Pocket Pivot?

Mac said...

I use TC2000 software from Worden Brothers. If you click on the "Telechart" link on my website, it will give you more information along with a free two week trial.

The pocket pivot scan is also detailed in my "favorite posts" page at the top of the website.