Watchlist For This Week

A little late, but nevermind...we've got alot of market moving data coming out this week. This market is very edgy and reacts violently to any event, good or bad. Basically, it is very news/data driven.

Mon: Construction Spending, ISM Index

Tue: Fed Chairman Benarnke speaks about Mortgage Foreclosure, Dallas Fed President Fisher speaks about inflation & growth, Fed Governor Mishkin speaks about economic outlook
Notable earnings: HLYS, CHS, CLWR

Wed: ADP Employment, Non-Farm Productivity, Factory Orders, ISM Service, Fed's Beige Book
Notable earnings: BIG, BJ, COST, CSIQ, SKS, PETM

Thurs: Pending Home Sales, NY Fed President Geithner speaks
Notable earnings: JOYG, COO, URBN

Fri: Non-Farm Payroll, Unemployment, Fed Vice Chairman Kohn speaks
Notable earnings: CIEN

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Because of the sell off in the last few sessions, there aren't many candidates for PUT options, most are too late for entry now. Wait for retracement to resistance or former support level before considering entry. On the other hand, I've many stocks forming bull flags and a few triangles play. Here's the list:

Potential Bulls: FCX, ILMN, CLF, MICC, CF, CNQ, GES, SGR, HOC, ABX, AGU, GILD, CMP, CEPH, MDR

Potential Bears: VMW, ZMH, MDC, NILE, NIHD

Triangles: DE, PPDI, CVD, IHP, MON