Focus List 3/14

Geoff Bysshe | March 14, 2011

Focus Long:

AAPL: Bullish engulfing pattern on the 50-day MA must be watched for a trade long. Watch for key daily resistance levels at 354.76 and 357.40.

-          Trade OR breakouts over FTP, 349.78

-          Trade OR Reversals over FTP, 349.78 – note the FTP lines up the high from the day before yesterday.

FSLR: Gapping higher and the howl group is gapping higher. We won’t chase the gap but watch for a pattern.

Other long stocks of interest:
TBL, RL, TBL, FSLR, HUM, CERN, JAZZ, TPX, LULU, SOHU, BIDU, DVA, TDC, WFMI, BIIB, ROST

Short Focus:

QID: We'll use this reverse etf to play the short side of the market. If it takes out the FTP,53.50 and the OR we'll start to look at it from the long side. A break of of R1 54.16 is the stronger indication to go long because the pivots are stacked negatively.

Other Short Charts of Interest:MCK, APA, MCP, HOT, NOC, BLK, CLF, GOOG