1/8/2010 watchlist

Kunal
Desai
January 8, 2010
How to trade stocksbows-opengraphTrading-Watch-List

Market overbought as was yesterday.  We’ve seen pretty much a flat market for sometime now.  I'm not adding any big position swingtrades as of the moment untill we get a pullback and sticking straight to breakouts or scalps.

$jaso still looks good on pb to 6.50 area ( i think it got there yesterday for breakout pullback play

$cnxt looks good on low vol pb to 2.45-2.5 area  $lxrx above 2 can be traded for quick breakout.

BAC (15-16),CAL (19),UAUA (13),LUV (11-11.50), LULU (30),JASO (6.50) all still are in play for swingtrades, charts are still in play and valid

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