Swing Trading Watch List – Dec 19, 2011

18 Dec

S&P500 Bear Flag Inside a Larger Wedge

Looking Bearish, Watch for Fake Out

It looks to me like a little bear flag forming on the daily chart of the S&P500, however when you take a step back and look at the context of the large wedge that we have forming a small sell-off could be followed by a sharp rally.

Stocks to Watch on 12/19:

Longs: VSAT, DG

Shorts: GAS, LEA

 

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