Watchlist Saturday

Here is my watchlist for the upcoming week. I have included a market posture as well. I indicate stocks that may be starting to go bullish (or bearish), or are bullish (or bearish) but are not quite ready in italics. I indicate stocks that are bullish (or bearish) but may be too extended short term, in parenthesis. I indicate stocks that are bullish (or bearish) and might be playable short term in a regular font. I indicate bullish (or bearish) stocks that appear to be close to a buy signal, or are giving a buy signal, in bold font. The bolded stocks are the most compelling to me because they may be a trade entry soon. I have abbreviated Intermediate Term (IT), and Short Term (ST).

Dow: IT Bullish and ST Bullish to Neutral. The Dow has resistance in the 13,050 - 13,150 area, and is in more danger of an IT trend change than the other two major indexes because it has not made a higher high yet. The Dow is definitely the laggard of the three major indexes right now.

SPX: IT Bullish and ST Bullish to Neutral. The SPX has resistance in the 1,430 - 1,445 area. The current upswing has been strong, but it is getting a little long in the tooth now.

Naz: IT Bullish and ST Bullish to Neutral. The Naz has resistance in the 2,540 - 2,550 area. The Naz has been the strongest major index lately. The Nasdaq 100 has been even stronger. The current upswing has been very bullish, but it is also getting very long in the tooth at this point.

Big Tech, Energy, and Commodities have been leading the way for the past 6 weeks. The Mid-Caps (and to an extent Large-Caps) have also been strong (quite a bit stronger than Small-Caps and Mega-Caps), probably because of buying interest in Energy, Commodity, and some Tech stocks in those size ranges. The current upswing on the Naz (and especially the Nasdaq 100) is really looking extended. The SPX swing might have another day or two because of Energy and some Commodity stocks, but I'm not looking for the current market upswing to last beyond Tuesday. It may finish out on Monday or Tuesday morning.

Here is a Grid Chart of the Three Major Indexes along with the Nasdaq 100:
(click on image to enlarge)

Here is my Weekly Watchlist. Make sure to check the option spreads before paper trading. Ideally, I want spreads of .10-.20 cents on options for stocks between 20-200 dollars.

BULLISH SECTORS/GROUPS AND STOCKS:

Energy: ESV, MUR, OXY, NBR, RDC, DO, RIG, NOV, MRO, PDE, NE, EOG, XTO, UPL, APA, WMB, BHI, (SU, CAM, HES, CNQ, NBL, ECA, SII, PXD, APC, FTI), SLB
Coal: ACI, (CNX, BTU), MEE
Transportation Shipping: (DRYS, EXM, GNK, DSX), ATW
Metals/Mining: (ANR, WLT, FDG), CCJ, PCP
Steel: MTL, STLD, RIO, AKS, (SID, GGB, X, CLF, TS)
Copper: FCX
Aluminum: AA
Tech: (CSIQ, ENER, ADBE, AKAM, RIMM, SOHU, SINA, ADSK, IBM, AAPL, INFY, VRSN), FSLR, CTXS, SPWR, STP, VMW
Manufacturing/Machinery: (CMI, PH, JOYG, FWLT, EMR, FLR), IR
Materials/Construction/Lumber: LUK, WY
Railroads: (UNP, BNI, CSX, NSC)
Agriculture: BG
Some Chemicals: (APD)
Some Financials: (MCO, LTR), V, MA, AXP
Some Retail: JWN, TIF, COST, (COH)
Note: VZ, T, FMCN, (JEC, CVS, MHP, DRS)

BEARISH SECTORS/GROUPS AND STOCKS:

Some Financials: HIG, STP, GS, MS, MER, ICE, LM, ALL, (AIG)
Note: VLO, SUN, HPQ, CEG, AMZN, ADM, DE, ZMH, ERTS, (FDX, UPS, JNJ)