Sunday, May 8, 2011

Weekly Swing Watchlist 050911-051311

APKT- still showing relative strength holding TL sup. Still above 5/8EMA, just got a bullish MACD cross, RSI held 50. Could take a position with a stop below the 50MA & TL support.

FCX- sitting here on its 200MA and TL support. holding the 23.6% fib with the 5EMA & 38.2% fib acting as resistance. Watching to see if FCX can base out here.

SFLY- Failed breakout back inside up channel but still looks relatively strong with bullish volume pattern. Still holding the 20MA, RSI above 50, TL is resistance. Long on break back above the TL res & 5/8EMA.

VMW- After a strong earnings report pulled back to the 20MA and now holding above. If tech can manage to show strength this week looking to the cloud names

30 minutes


FFIV- Another cloud name that had a strong earnings reaction, pulled back to the 20MA and now holding. Looks like its putting in a nice rounding base or cup & handle pattern. Could take position here with a stop below 20.

CAT- Blowout earnings but lost the gap and dropped pretty quickly in the following days. Eying the 50MA or TL support as possible entry. getting close

OXY- Another strong earnings run up, break out and pullback to breakout. Still holding above the previous range. Looking at the 20 or 50MA on a failed breakout.

V- watching this 80-81 range breakout level. Has built a nice consolidation accumulation range and now showing relative strength. MA and AXP already broke out and trending nicely looking for V to play catch up.

PII- Still consolidating while 20MA catches up holding around 5/8EMA watch for break out of range.

JDAS- Flagging and holding the 8EMA. Would like to see further consolidation to work off RSI & MACD and setup for continuation above previous range. Watch for a break above 34

HAL- Right here right now trade with a stop just under Thurs or Fri's low which is the TL sup. Would like to start a feeler if it close back above the 50MA and will look to add above the 5/8EMA.

PLPC- Like this base its building above the 50MA & TL support at the bottom of the up channel. MACD & Stoch pinching, RSI above 50Yahoo Finance says it doesn't report until 8/1/11. Long above 72.5 with stop under 20MA looking for 85+

ISTA-Not my kind of play low price, low short & small ATR but looks good. Long above 11 (11.40 top of candle) out of this consolidation flag.

MON/POT/MOS- The below Ag stocks are on or approaching their 200MA. May take MOS with a stop below 200MA or below 70.

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