Monday, August 15, 2011

12 New Setups To Watch

Market is getting a little overbought now after a decent run off the lows last monday. So a few days of consolidation or pullback could be expected soon and would be quite healthy.

We are still not seeing the 'HIGH QUALITY' bases/setups yet but maybe in a few days or after a few days consolidation on the indexes we could see some leadership names start to emerge and take charge while others continue to build more solid bases.

A lot of names are a work in progress at this point. Too much damaged goods out there. It will take time to repair the damage.

Here are 12 setups to watch.

These are ALL short term plays: 1-5 day holds.

Hope it helps!

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