Monday, February 13, 2012

Setups for Monday, February 13, 2012

The pre-market futures indicator is pointing to a +7 point opening for the S&P 500.  Friday's weakness is being shrugged off, at least for the opening.  Greece apparently has agreed to cuts in wages and benefits to get another bailout, with a vote coming on Wednesday.  But there have been so many "deadlines" for that situation that nothing from that region can truly be taken seriously.

Barron's came out with a front cover showing a Dow 15,000 target.  For now, it appears the market wants to climb higher.  It's entirely possible the market works higher over the next few weeks and tags the highs from May of 2011 around 1375 on the S&P.  But as I pointed out last Thursday, my position sizes are smaller and the stops a bit tighter.

Here are a few stocks on my screen for today.  ALWAYS use stops to limit losses.

Click charts to enlarge view:















Some others of note:  PVA (previous chart posted 1/29), MEOH, MOBI, VDSI, XING, RNN, HEB

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