Market Analysis And Stocks To Watch 03/13/2014

The market could record a sizable down move here based on the proximity of the 50 level of the daily RSI's.

RDC [$31.64] will confirm downside momentum if it clips below 2014 monthly closing lows of $31.37.Price target for EDC is below $20 this year.

C [$47.30] is a short as it breaks support at $47.43 (2014's weekly closing low). C could see mid 20's this year. C was NOT mentioned in the video.

EDZ [$49.15] is a buy right now as long as EDC [$21.32] remains below $21.53 on the weekly. Down the road EDZ will also be a buy whenever it clears $51.08 which happens to be a recent weekly and monthly closing high.

Gold at $1,372 could be trapping bulls short-term and could pullback right now. Gold is not anywhere near from a major technical breakout. At best it could have a relatively small upside move.