Watchlist 01/24/11

ENER closed slightly below support. Watch for a breakdown during a weak market. Will be watching for a good short entry here. However, if the markets are strong caution is advised as a bounce may occur.

LLEN failed to form a solid reversal pattern. Will be looking or a solid short entry at the open. This may break down to 7, the next support level.

MPWR held support at 15. This should be a good long opportunity if the market is not too weak. Note: they post earnings on the 2nd of February.

MTSN held support and posted a harami reversal. Look for a long entry in the low 2.30's

STZ failed to bounce and may dip further to 18.5 or the 200ma. A dip below the previous low will be a good short entry.

XRX is a good short swing. It posted a failed piercing pattern and significant volume. MACD is also bearish.

WINN had support hold at 6.24. It did post a red candle on volume so look for a dip below support here is the market remains weak. A bounce is possible on a strong market and move above 6.30

CPST has a golden cross. Support of around 1.10 has held and this may be the bottom of a new range. Watch at open.

ALTH is showing a hammer, a reversal signal. Will be looking for confirmation throughout the day here.

EGLE may dip further to the mid 4.40's. It is downtrending with strong bearish volume. MACD shows more downside possible however RSI is quite oversold. This may dip to below 4.5 and then reverse.

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