Watchlist Dec 14, 2011

Not much to say here. The FOMC reported today and said interest rates remain the same until 2013, yet the market takes a dump with multiple failed attempts to bounce. Report said they still see "significant downside risk." I have no idea what is coming tomorrow.

Here are a couple stocks on watch for tomorrow. Sometimes just gotta narrow it down to focus...

1. $GLUU - A good entry will be anywhere around 3.10-3.20, with a stop down below 3.10 support...say 3.07ish. Zynga IPO this friday (gaming company) and is said to cause a nice rally in $GLUU. I entered on the breakout today up at 3.44, still long. If we break below 3.07 I bail and cry for losing $500 on this trade. If things play out like I think they will, I add tomorrow morning on open, and we rally into Friday.

2. $TSON - Beaten down stock that is now approaching its 50dma. Volume increasing nicely over the past couple days. I like an entry on this 1.73-1.78... goal of 2.17 with a stop at 1.57.

3. $VICL - I like this chart. Great to have on watch. Similar pattern seen recently. Waiting to break upper channel to bust a move. Keep this on watch for a few days. Stalk it. MACD showing its due for a little pullback, so be patient...or take it on the break.