Watchlist 12/08/10

ALTE has been in an uptrend. It is showing signs of being overbought. MACD shows it may have some room to run, but RSI and Stochs are overbought. Volume was not strong today. Watch for an opportunity to short. Note however that a golden cross is imminent.

ARIA is near a three year high. Watch to look for a break or a retrace. This resistance level has held recently so we may see a pullback.

ENTR just posted a star on the day. However, the 20ma just crossed the 50 and MACD shows signs of a continuation in uptrend. RSI and Stochs are showing reversal signals. This resistance level was also tested before and not broken. Sideways action is possible so will watch.

ES watch as this may go sideways.

FAST is showing overbought signals ever where. Is this trading in a new range or about to dive. Watch at open as there have been two small red days. A star was posted today.

HBAN looks overbought here, but may be a simple daytrade. It may rest then run up again. Watch for directional confirmation in morning trade.

MAS just hit the 200ma resistance. Watch to see if this breaks or pulls back. RSI shows overbought levels. Stochs are high, but MACD shows continuation is possible.

SMBL may have some room to run. Volume has been increasing and indicators show possible uptrend continuation. It has hit a strong resistance level though, but has hit it several times before and may be due for a break.

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