Some charts for 1/26/10
Posted by IEM | Posted in watchlist | Posted on 11:06 PM
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Nothing much changed today - there werent any significant bounces, nor was there many sharp sell offs that trigger my support alerts. Market is still oversold, but the bulls need to push us higher fast, else we can work off this oversold level by going sideways through time.
Here are a few setups I will track tomorrow:
TQNT - heard it was recommended by some newsletter today, but nice base. Watch over 6.5
MGA - Bull flag into 20D with fib levels... JCI has been strong after eps
TXT - breakout/ pullback setup, but I saw a few of these fail last week...
VIP - on the short side, nice triangle forming here, watch under friday's low
Might have a few more after I go through the rest of my watchlist...
Keep the timeframe short and target reasonable, trade them well tomorrow!
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