Swing Trading Watch List – Nov 7, 2011

6 Nov

SPY Daily Wedge

SPY Weekly Hammer

A wedge on the daily broader market is in form. When we trade inside the prior day’s range we will typically continue in the direction of the prior day’s bar. Therefore we are looking for a breakout this week to the upside, but we are prepared for both an up or down move. Here are the stocks we are watching.

Stocks to Watch on 11/7:

Longs: ABT, AEP, DLTR, MAT, MON

Shorts: OPEN, WDC

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