Sunday, August 7, 2011

Watchlist for Monday, Aug 8,2011

Its red all over, as of now the DJI futures down around 220 points, S&P down around 25 points and NASDAQ composite down around 42 points ...not looking so good but imo could have been worse cuz i sure expected it would be a whole lot worse than this ....

Anyways here's my watchlist for Monday, just for the fun of it

CHBT again, i think it held base around the 1.50s watching support around that area again if it falls and resistance around 2.80 and 3.50 areas

AONE  freshly oversold...new waters, looked like it caught base friday...might see some upside to this , cautious play though ..

PNCL  should hold pretty well or have upside to it ...

RMTR  tweezer bottom oversold watch support around 2.00 area...

I dont believe, given the market conditions they are solid buys but they look decent for an intraday scalp and in these volatile markets scalps the way to go

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