Monday, February 21, 2011

Chart of the Day

Today's Chart of the Day is SCI. Been consolidating very well since breaking out earlier this month. Volume showed signs of returning on Friday. 11.25 remains the key. Will be interesting to see how it fares in a possible down market tomorrow.

P.S.: Here is a watchlist for tomorrow as well as some short squeeze candidates. With the futures as they are, I would probably not be chasing any momentum stocks tomorrow but will be stalking them to see how they behave on a pullback. Tomorrow will be a good opportunity to see where the relative strength in this market lies.

No comments: