Stocks To Watch 12/19/2013 [HD]

This video assumes that the market wants to go higher over the coming weeks and months.

Take a look at the steel sector as mentioned previously. SLX [$49.29] has a weekly buy point of $49.37 and a monthly buy point of $48.94. Other steel related names include: SSLT [$12.93] with weekly and monthly buy points at $13.03 and $12.82 respectively and X [$28.59] with a weekly buy point at $28.00.

I have to mention shipping again due to the shipping index chart. Take a look at DRYS [$3.72] as long as it holds above $3.54 which is the monthly closing high from a few months back.

If you are seeking REBOUND CANDIDATES then consider solar / TAN [$35.67] at current levels or go with individuals names as in; SCTY [$56.83] if it can hold above previous monthly closing highs at $53.35 and a future buy point of $59.46 on the weekly chart. Also take a look at $YGE [$5.21] or TSL [$13.88] at current levels or wait to see if they pull back some.