Stock Watch 3.11.11 “Shaky Ground”
After two months of docile market conditions we are heating up the volatility. Thursday reports of Saudi police shooting protesters sent the market to the whipping post. Oil remains the story for Friday. If oil escalates it threatens global growth. If oil weakens the market could take off again. Either was oil and energy stocks should be in play
Previous watchers :EEE MGIC MCP REDF ROYL SCON
COOL
Looks as if it’s time to consider this as a short. I think the RR to the upside is gone. Monitor for early spikes then weakness.
ANIK
Had a strong quarter and held strong all day. I like this as a long play on a $10 run. $10 is the key break point. If it can’t push through that a double top will form.
SPPI
Under heavy accumulation. Watch for early dips for long positions. Possible short Monday
MBI
Threatening to breakdown on the daily chart. This stock is in bad shape. If it can work it’s way below 10.20 it could be a nice short
AVL
AVL is also threatening to break apart. I’m interested in shorting below $7
SCHS
Another good short set up. Has been giving back it’s gains from a huge spike. Want to short the fades
