countertrend: watchlist | click charts for larger images

many stocks on my radar are sitting on their 50- or 200-day moving averages - i am expecting a bounce here over the next day or so, and then we should have a better idea of where the markets will be heading. here's what i'll be watching for the first part of this week:

shorts

AAPL's relative strength compared to the overall markets blast down shouldn't be ignored - that's why handle this one with care. but please do notice how it's capped by the 50-day moving average and how it has gapped down below that super long term blue uptrend line going back to the low of the day on 22 dec 2003. tracing back to the underside of uptrend lines and failing to break back above often provide good shorting opportunities

HOC - i like the negative divergence here between price and rsi, barring any breakout above the resistance line on big volume.

MBT - this gap down and the resistance at the 50-day moving average make this one to watch.

wait for the retrace (hopefully on low volume)

BBD - i charted this stock a while back and look how far it's come down! this is on my wait for a low volume bounce before shorting again. $38ish, the bottom of the gap down should provide decent resistance - it it passes that, perhaps wait for the 50-day moving average.

LRCX - charted earlier too! pretty straight forward here.

reluctanct longs

NVEC could move above (or gap above) the downtrend line, the 50-day moving average and the 200-day moving average in one fell swoop... or not. one to watch!