Watchlist Saturday

Here is my watchlist for the upcoming week. I have included a market posture as well. I indicate stocks and sectors that are beginning to go intermediate term (IT) bullish or bearish in parenthesis. I indicate stocks that are IT bullish or bearish in a normal font. And I indicate stocks or sectors I'm most interested in because of where they are short term (ST) in a bold font. The bolded stocks are closer to buy signals, or they are extremely compelling because they could be high probability setups soon.

Dow: IT Neutral to slightly Bullish and ST Bullish to Neutral. The Dow is sitting just under key resistance at 12,750. A Breakout above 12,750 would lead to a solid IT Bullish posture for the first time since last September.

SPX: IT Neutral to slightly Bullish and ST Bullish to Neutral. The SPX is sitting just under key resistance in the 1,385 - 1,395 area. A Breakout above 1,400 would lead to a solid IT Bullish posture for the first time since last September.

Naz: IT Neutral to slightly Bullish and ST Bullish to Neutral. The Naz is sitting right at key resistance in the 2,380 - 2,420 area. A Breakout above 2,400 would lead to an IT Neutral to Bullish posture and a Breakout above 2,420 would lead to a solid IT Bullish posture for the first time since last September.

If the market indexes roll over early next week before they break out, then it is probably an indication that traders want to see how earnings shape up in the middle of the month before attempting a breakout of key resistances.

BULLISH SECTORS/GROUPS AND STOCKS:

Steel: X, STLD, NUE, ATI, AKS
Metals/Mining: ANR, CLF, WLT, POT, RIO, MEE, FDG
Copper: FCX, PCU
Chemicals: MOS, CF, AGU, APD, MON
Energy: CAM, RDC, SWN, PXP, NOV, NE, APA, RIG, CNQ, MUR, ESV, DVN, WFT, SII, SLB
Coal: ACI, CNX
Railroads: CSX, UNP
Transports: FDX, UPS, CHRW, EXPD
Materials/Construction/Manufacturing: MDR, CAT, PH, ITW, EMR, FLR
Tech: RIMM, ERTS, AAPL, FSLR, LDK, BIDU, LRCX, (ADBE)
Services: ADP, CRM, ESRX, PAYX
Electronics: SPWR, STP
Biotechs: GILD, CELG
Conglomerates: PPG
Exchanges: ICE, (NYX)
Homebuilders: RYL, TOL, (DHI),
Some Financials: AIG, PRU, (TRV), MET, PFG, HIG, AXP, (MS)
Some Retail: NKE, WMT, AMZN, GME
Some Education: ESI
(Aluminum: AA)

BEARISH SECTORS/GROUPS AND STOCKS:

Gold: NEM, GDX, ABX, AEM, GG
HMO's: AET, HUM
Some Retail: JCP, IGT, (ANF), (TGT), (JWN)
Some Financials: LEH, MER, LM
Some Drugs: MRK
Some Education: APOL
Some Utilities: PEG
Some Energy: VLO, (SUN)
Some Tech: KLAC