Watchlist

Going through the high volume movers of today, I was surprised to see a couple of longs in there too that I like heading into tomorrow. 

Long Setups

CRM - A really nice long setup. Bounced from MA(50) last week and broke through the 1 year upwards channel. Consolidated well today. Stop should be placed below the trendline or below the gap support. So, a low risk play here.

ISLN - Broke from a range today on very impressive volume. 

Short Setups

MTZ - Broke down hard earlier this month. Formed a double bottom and has managed to come up to MA(50). A poor close today considering the volume. Stop can be placed above MA(20), hence a low risk play.

NANO - Finally broke through 14.15 today but had a poor finish. I would wait for it to fall below 13.39 before shorting it. Conversely, a close above 14.15 would make it a good long setup. Go with the flow.

For analysis of the market action today and the immediate support levels, see here.

Take care and good luck!