Market Thoughts

This will be a quick post. I’m glad to see the market showing a little bit of gusto today, but the SPX is still struggling to break above 1355 – it just isn’t happening at the moment. I have guarded optimism about this bounce today. It isn’t much, but I guess it will do. The more important part is whether it can build on those gains and take them into next week. History says “YES”. Market sentiment says “NO”. We’ll see who prevails. 

The best of the best

Of those stocks listed below my favorites are DuPont Fabros Technology (DFT) that is sporting an ideal bull flag and makes for a nice breakout above $25.41. Others include AES Corporation (AES) has a nice pullback after having pulled back to key support and has bounced since then. Current price offers a nice risk to reward opportunity. Finally, Gentex (GNTX) is desperate to break through key support and is bull flagging at the recent trend’s highs. But be careful, I believe it reports earnings on the 23rd next week. 

Here is the rest of the watch list.

short watch-list swing trade

 

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