Stocks so far today have been up and down and not showing a clear sense of direction here. That may change going into the afternoon or in the days ahead. 

But I think for now, it has to be respected, the reversal in price action on Friday and where it took place at – on the 50-day moving average. 

Crude is being weighed down hard today after being up nicely in overnight price action and gold and silver are also taking a hit of their own.

Below you have my list of stocks that I am following and plan to add a few of the names from the list if the market continues to bounce off of Friday’s lows.

My expectations on the bounce is not overly great. I think you have to take the profits as  you get them and move on to a new trade. Ultimately I think any bounce the market offers will eventually get sold. So aggressively taking profits is key here. 

Here’s the bullish watch-list:

bullish watch-list 5-9-16 

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