friday watchlist, railroads and click to get big

update friday 11:53am - call on railroads not working out bad so far...

hmm, i am a little surprise today at the lack of volume and follow through today in the markets considering the blast up we experienced yesterday. maybe it will come tomorrow/friday. at any rate, it doesn't say much for the bulls. that's why the watchlist i am presenting tonight is dominated by short candidates. big surprise, right?

AAPL - watch to make sure how AAPL opens up and behaves relative the red highlighted resistance line and the thin blue uptrend line... also notice the decreasing volume.

ATHR has fallen below the blue highlighted trend line and has retraced to its underside.

NVDA - the red box here highlights the candle and volume from wednesday march 14 when we saw such strength and volume in overall market. the volume here isn't so bad, and the price action is horrible. NVDA is now trading under its 200-day moving average.

NYX - this stock is no stranger to us... again pay attention to the red box highlighting wednesday's and thursday's action - not so hot compared to the rest of the market...

and finally i am going to present 3 charts of railroad stocks. they too are were lame relative to the overall markets. they have enjoyed a nice run up over the last many months so maybe it's time they give back some of those gains.

BNI

CSX

UNP

NYX - another trend line failure, et al

these are mid-day charts so double check where they closed for the day...

we'll have to monitor this one - no new recent low made today as it bounced up off of support, but at the open it did gap down below the uptrend line.

NVDA fell below the 200-day moving average on decent volume...

trend lines at work - NYX for short?

update 1116am friday 3/2 -NYX opened strong and remains strong. it has already filled yesterday's gap - still monitoring

update 402pm thursday 3/1 - NYX closed above its opening price, but there was a huge gap down at the open, and it didnt close up much on more than average volume. i will be watching this one tomorrow morning for a short entry.

in the chart below, the intersection of the blue uptrend line and the red horizontal support line represents a critical support for this stock. if it's broken, especially with decent volume, there could be more downside, otherwise, if this support holds, i wouldn't consider shorting until there is retracement up to the underside of some significant support line or moving average.