CAMARO’s Watchlist for 12/13/12
SPX - Gravestone Doji today right at resistance. If tomorrow we can’t regain 1430 it much be time to switch gears and look for weaker stocks because markets might pull in. Sad we closed way off highs despite the news from the Fed. I think the S&P is moving back into 1400-1420 range by the end of the week.
PCLN - Testing its 50 and 100 moving averages. right at 620. Although I dont believe its a good long vs that level I really like the short side if 620 breaks. Pretty big gap down to sub 600 to be filled PCLN could see much more down side is 620 breaks down.
PPHM - Cup and handle pattern here – it had strong volume today, could breakout tomorrow watching closely.
MWIP - This chart looks very similar to SRGE a few weeks ago. MWIP sub-penny play that has room to run. .0065 first resistance then really nothing til .01
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