Watchlist 01/12/11

AMR failed to continue its run. Instead it has pulled back to the 50sma which at 8.19 is a good entry. Watch at the open since selling volume was strong and to see if there is any respect for the 50sma support. If there is none this could pull back to 7.86 or 7.72

RF began its run. There is resistance at 7.24 which has been respected. A break past this could see a run to 7.4, 7.5 or 7.75.

CLS has posted increasing selling volume over the last couple of days. It has respected the recent support level at 6.6 but may break it and run towards the 50sma at 9.28. An entry at 9.28 would be ideal. This would need to break resistance at 9.9 for any significant move to the upside.

QLTI still waiting for signs of weakness as this is overbought and due for a pullback. A gap at the open may be opportune time.

BSQR posted a red candle. Look for a move below the 11.11 low as sign of a pullback. A dip to 10 is possible. Note that it is in a strong uptrend and may continue higher. Watch any gap downs to reverse.

CQP still on watch for a short opportunity. It posted an large green candle on less volume however. Look for a gap up as an entry for an impending pullback.

ACHN doesn't want to quit. However it has posted declining volume with rising prices over the past few trading sessions and a doji. Look for a dip below the 4.27 low as a short entry.

APGA would like to see a dip here to .35

TIV posted a green candle and a run above the 50sma of .52 is possible. Stop at .42

BSDM posted higher volume today but closed flat. Watch for a dip below todays low of 5.15. If not, this may test yesterdays high.

AH has posted declining volume and a doji candle. Look a bear signals like a move below the 7.12 low of the day.

HDY is showing signs of slowing down. Indicators show overbought levels but a push to test 7 may be upon us. A break of todays low of 6.44 may signal a breakdown. A run above 6.84 may signal a test to new highs.

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