It seems that the volatility of this market has eased a bit. Despite the intraday swing of the index, many of the plays on our watchlist do seem to calm down somewhat today. We like this behaviour and this is the kind of mood we'd be able to deal with. Even though the breadth is pretty balanced today but we somehow happen to have quite a few green ones on our watchlist. This of course does not mean everything is playable but it's definitely a start. Having a long list of stocks in green do give us somewhat of a comforting feeling to perhaps step back into a play or two. This is supposed to be the follow through day and we also mentioned yesterday that we need a day or two to digest which plays might be worth playing.
Here are some plays we are looking at today....
VMW, we don't think the enthusiasm has died down from this IPO. Again, if this one is claimed to be the next big thing, it should get some good momentum going as long as the techs in good shape. We are watching $59 mark closely for a possible break there.
WX, this one did very well today and we chased some near the end. We actually like some of the recent IPOs and they are faring this volatility pretty well.
JST, surprisingly, it held up really well today off a gap up. We are watching this one with some great interest and want to see what this one is planning to do after today.
FSLR, can an upgrade be able to bring back the former glory out of this play? One thing is for sure, there will be lots of resistance ahead of this one so expectation needs to be realistic from the bounce. We are merely playing quick points here and until there's some improvement in the entire solar sector, it's just going to be quick point play off news.