One strong hour and suddenly we all feel bullish.. lol - in other words, be careful. Yes, I was impressed with the last hour of the trading day on Friday, but it was just that - an hour of trading. Maybe it's the turn back up we're looking for, but I still believe the market will struggle to run until the debt ceiling is raised. Stay nimble, earnings season is in full swing, as well.Updates on Last Week's Swings on Watch:
OCN - still going strong on swing entry on 7/13
MYGN - not very exciting, but bollinger bands are tightening up. watch $24
PLCM - was shaken out last week, but sma50 looks like a great entry if current horiz support doesn't hold.
CHD - Nice breakout Friday.
VMW - Watch for earnings on Tuesday on this bull flag
LXU - triangle tightening up. Looking for 45.50
VRX - nice volume Friday..
HLF - careful holding horiz support. careful... sitting heavy
BHI - looks good
CFX - bull flag on watch
BIIB - bull flag on watch
INFA - was watching for bull trade off support.. ended up being perfect short
New swings added to the watch list Sunday. See you then.
