Focus List 3/22

Geoff Bysshe | March 22, 2011

Long Focus:
JAZZ: This can be a thin trader so be careful, but the daily looks explosive it breaks to new daily highs. The key daily high level is yesterday’s high of 30.08. The prior daily highs that could be support are, 29.82, 29.73 and 29.47. The FTP, 29.72, and S1,29.37, both line up nicely with these levels so watch these level closely for reversal potential.

-          Trade OR Breakouts over S1, 29.37 based on comments above.

-          Trade OR Reversals  over S1, 29.37 based on comments above.

Other Long Charts of Interest:
BTU, FSLR, WFMI, TPX, XLE, ANN, NFLX, TSCO,XLE,SINA

Short Focus:
It’s hard to find negatively stacked pivots. The only one two on my list today are AGU and FFIV and FFIV is too oversold for me to sell it down. AGU however looks poised to drop.

AGU: Performed terribly yesterday and has negative stack and closed below today’s pivot. Today’s R1,81.30,  is even below yesterday’s high, 81.49. So there could be opportunities to sell strength below yesterdays high. But I would not sell strength over yesterday’s high. The key support level is yesterday’s low of 87.75. Another area of support to watch is S1, 87.56.

-          Trade OR breakdowns below R1, 81.30 based on comments above.

-          Trade OR Reversals below R1, 81.30 based on comments above.

Other short charts of interest:
PENN, MOS, EQIX, RTN, MAN, FFIV, V, BDX, TIF, COH, HSP, LBTY