Current watchlist

This week for short term quick momentum plays.  While I feel a bit embarrassed that the answer for today's lackluster volume was because of Yom Kippur (I should know the holiday's that affect volume a bit better) I am still not very confident in another longstanding run up, so I picked out a few setups that looked like they may be good.

LOCM, HEAT, CBAK, ACGY, NOG, RSO, and ZIOP are all on my radar.

Still waiting on favorable conditions to go long VXX or BGZ

A muted market

I didn't participate in the move at all today, the market made quite an impressive comeback from the 3 down days, and I was not quite ready for that type of move.  However the stocks that I was watching really didn't offer any good swing trade type entries, and I hated the volume on any bullish moves.

Where did all the volume go?

I have a feeling that we are pretty close to forming a short to mid term high soon, and that will be my bias until I see volume return to these bull days.  My understanding is that volume precedes price, and if today's lackluster volume continues we will see the market roll south once more.

However the relentless uptrend hasn't been bucket quite yet, and is the standing trend until proven otherwise.  Some stocks that I will be watching for swing entries in the next few days are BGZ (large cap bear 3x), VXX (VIX ETF), however I may play a quick trade on the bullish side since this run up hasn't exhausted itself completely...