Wk13: Watchlist Update

24 Mar

Monday got off to a great start with news of February Existing Home Sales rising 5.1%, the largest increase since July 2003. We added a few more longs to the watchlist and as we said before, since the market is strong watch for relatively weak stocks to short.
Long:
CTRP – Bull Flag: Use the top of the consolidation for entry.
JCOM – Triangle: Enter on the breakout or the retest.
MOS – Ascending Triangle: This can be an anticipatory entry now or wait for a breakout of 46.
RCII – Triangle: Watch for a breakout.
WFR – This stock broke out today, but watch for a retest for entry.
Short:
SIGM – Head and Shoulders: Watch for a retest

No comments yet

Leave a Reply