As always on Mondays, I have my long watch-list for the week.
Of course throughout the duration of the week, I am likely to add/subtract from it. But this is where it stands at the moment.
But let me just say this, the market is on an unbelievable tear right now. Nasdaq is practically up 14 straight days – ok 13 out of the last 14 (the one down day was less than a point).and the SPX is looking at closing for the eighth straight day.
Just from experience – there is always a down day within 1-2 days lurking. Might not be big, but why get long when you know its bound to happen any day now.
But once we get that, it will be open season for me to add 3-4 new long positions.
From the list below my favorites are:
Google (GOOG): I got out of this stock last week, but if I can get a 1-2% pullback, I’ll be back long and strong.
Formfactor (FORM):broke out of June’s bull flag and is consolidating just above the breakout level. This offers a solid risk/reward setup here at 6.94.
Sohu.com (SOHU) breaking out of three month long resistance and looks to move higher once it is above $67. That should no doubt happen.
Here’s the rest of my bullish watch-list:


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