I’ve put together my list of seven stocks that I am watching from the long side today. 

I’m just looking to play the bounce at this point. Shorting stocks will come later, but right now, to be adding new short positions to the portfolio is futile. 

Once the market bounces, shorts who have been holding their positions for a few days now, are going to get very uneasy in their exposure out of fear that those mega-profits will get quickly eaten up my Mr. Market. 

As a result, I think we are probably due for a 30-40 point bounce in the market until the bears exhaust themselves in covering their position. Once they exhaust themselves of their positions, that is when I want to start adding my own. 

Works every time. 

But for now, keep your eyes on the stocks below. I added Pharmacyclics (PCYC) this morning on the bounce, and looking for more going forward. Others that intrigue is Buffalo Wild Wings (BWLD) as it could be prime for a bounce off of the lower Bollinger Band just as it has also done in recent sell-offs. 

Finally Wellpoint (WLP) is bull flagging nicely and one of the few breakout plays that this market is currently making available. 

Here’s the rest of the watch-list. 

swing long watch-list 

You Might Like

  • South Korea and its impact on the US stock market.

    South Korea: The Hidden Driver of US Tech Volatility

  • Learn to trade within your means.

    Stop Trying to Hit Home Runs: Start Trading Within Your Means

  • Avoiding traps on stock breakout plays.

    How to Trade Breakouts Without Getting Trapped