Watchlist 12.10.12 | Apocalypse Please

Markets look good to continue to higher prices, and with Santa en-route with his gift bag full of high beta stocks & market leaders — the only thing that can derail him is the impending apocalypse, whether that means the stars align and the earth spins off its axis into the sun or the complete meltdown of AAPL.

In no particular order,

CRM – Text book bull flag on light volume. Watch for the descending channel for a break higher with volume.

TWC – $95.50 is gap & volume resistance. I tried this one last week but got shaken out. This week I will wait for volume confirmation before entering over $95.50. This time I will use a close under 95.50 as the stop.

BA – After a hammer on Thursday, we closed at the highs on Friday just under volume resistance and this descending trend line. Clearing resistance with volume should bring it’s first target – August highs of $75.94.

TEX – Closed over volume resistance of $24.66 and the descending trend line. I am watching this one for a continuation move higher. Stop is a close below $24.66.

APC – Watching for a move over price resistance of $76.63. Ideally, would like to see it on over 150% average daily volume. The 50ema and 200ema had a golden cross on Friday.

AVB – Watch the volume this week for a possible move over this descending trend line. If it clears the trend line on anything less than 50% average daily volume by 10:30am wait for the pullback. It closed below volume resistance of $134.34 on Friday.

LULU – Watching the descending channel. There is still an open gap at $74.20. If it clears these levels on above average volume I am looking for a first target of $77.00.

NFLXWatching the $90.00 gap resistance level for the next leg higher. Would like to see 200%+ average daily volume on the push. Stop is a close under $89.99.

CLR – Looking for this descending channel to break to the upside with volume. Volume resistance support at $72.92.

CMI – 6 months worth of basing, CMI is coiled up and ready to explode higher if the buyers step in. Volume resistance is $101.35.

CELG – Still waiting patiently for this cup and handle breakout. Clearing $80.42 with above average volume is the buy trigger.

Come on, it’s time for something biblical,
@AffluenzaVirus

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