Stock Watch 2.14.11. ” Walk like an Egyptian”
Man I love the stock market. The crisis in Egypt only mattered for one day and the market shrugged it off. Now that some of the issues in Egypt seemed to clear up , the market rallies. So Egypt doesn’t matter on the way down but now it matters on the way up. This market will find any excuse to keep clicking highs.That’s ok because we’ll keep playing the trend. However, you must note the odd behavior of some the action in these stocks. It sure is fun throwing darts at breakouts and they keep running. Load up while it lasts.
Watchlist EMAN HUN SIMO SCI EMKR SWS
Previous Watchers Still in play. TTMI MGIC MERC KV.A
EMAN
Nice looking set up for a long and perhaps a swing long. I would like to see this green with a minimum of 250k in volume early. Could take off after price moves higher from last 3 day doji’s
HUN
Hanging right at an 18.15 breakout. Again just look for volume and price to stay in the 18′ s to go higher
SIMO
Been on a nice two day run. Maybe a strong market sends this highe . I am more interested in hanging out and waiting for a short set up.
SCI
Kinda gone parabolic here. Could be like TA but I hate chasing these up because they can drop at anytime. I’ll monitor the action and see if a short is there or dip buyers
EMKR
This thing has been ripping for a while. Friaday saw a big blast in price and volume. I don’t know if shorting a stock under such accumulation is wise but this is toppy. I have a feeling this one will take a few days off before ripping again.
SWS
Has the same pattern TA did a few days back. Theme remains the same in this market. Watch to see if the pull backs get snatched up quickly or the spikes get lower and lower.
PNSN
HHGP
BONT
