Trading Plan For This Week

We did hit a temporary bottom last week from oversold conditions. The market could still go higher from its oversold state. I think we will retest last weeks lows at some point soon though.

I was watching CPHD last week, and it did breakout on good volume, but gave it all back. I am being very aggressive with my stops, and was stopped out at breakeven.

Here are a few stocks that I will be watching tomorrow.

OTEX is in a bearish channel. It could be a good short here, with stops at 31.



PDGI has found support at its 50 MA. I would consider buying when it breaks $43



Woud consider VIVO at $34.50



May buy AZZ at $35.20



MEE needs some time to work, but would consider it at $38



Since I think we will retest last weeks lows at some point, I will not hold these positions very long. Maybe just for $1 or $2 with tight stops. Will only consider breakouts if they are accompanied with volume, and are moving with the market.

Good trading.