Swing Trading Watch List – Feb 8, 2012

7 Feb

The market can always go higher. The market can always go lower. There’s no such thing as overbought or oversold. These are key things to keep in mind when looking at the broader market, especially when we’ve trended up for what seems like a long time.

Dow Jones Industrail Average 5 Year Monthly Chart

S&P500 2 Year Weekly Chart

Russell 2000 6 Month Daily Chart

When the VIX is Low, Lookout Below!

Below are the stocks we will be watching for tomorrow. If the market sells off, we’ll look to the bullish names that don’t sell off as much and are thus, showing relative strength.

Stocks to Watch on 2/8:

Longs: AMGN, AMT, CNC, CRI, EC, FAST, FBHS, MSNT, MWE

Shorts: PEGA

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