CAMARO’s Watchlist for 12/18/13
YELP - Broke above a little consolidation pattern today and looks like its ready for a move back above 70. Today it closed back above all the major moving averages for the 1st time since mid November. Watching for a break above 67.50 for follow through. Also a gap down that holds 66 would be buyable for a r/g move. Target is 70 this week.
FSLR - Solars been pulling back last few weeks but the group all started to perk back up today. I like FSLR a lot, not because its setup for new highs as of yet but it does look pretty clean above 56 to at least back to 60 perhaps this week.
FOMC is tomorrow at 2PM EST. Be careful going into that event. I do think that whichever way we finish the day tomorrow will display the direction we close out the year. Not many people are expecting much to happen tomorrow, which is the exact reason why I think we will see the exact opposite of that.
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