Option Addict | Comments Off | Weekly Watchlist 12/22
Monday, December 22, 2008 at 09:20AM Prepare to put things into cruise control this week. Holiday trading is not known for its speed or excitement. However, it should be known that index futures are trading slightly higher as I type this post, indicating a little optimism heading into Monday's session.
Along with preparing yourself for a snoozer of a week, notice that there is not much economic on deck either.
If you decide to place a few bets ahead of the holidays, make sure to take profits after a good gain. Most likely, the market will lack volume, volatility, and direction. In fact, this will likely be the trend until year end, which is where things ought to really pick back up again.
If you are looking for a few good ideas, this week's Weekly Watchlist has plenty. Enjoy!
ALK, BMS, CECO, BBT, NOV, SAP, SY, CHCO, SIAL, EIX, NSC, FAST, HUBG, RIC, CSX, AMGN
CBST, GVA, STU
"Buy the Dips"- Bullish Stocks Near Support
ORLY, GOLD, NLY, TOL, DLTR, SSD, COCO, SUN, WMT, THOR, ORH, ROS, QCOM, INTC
"Sell the Rips" - Bearish Stocks Near Resistance
PTV, PRGO, AJG, ISRG, MSTR, COV, NUVA, HNZ, WSH, KSU, CLB, CNW, TMO
Potential Breakouts/Breakdowns
NAT, GILD, HIT, AXYS
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