They don't call it Hedge Fund Monday for nothing...
Without these market participants I think the $spx get's range bound between 1250 and 1220. And the rest of the market will do the same. Side ways action until find direction again.
TRGP KEX GPI EGO ABD ABMD CASC
HITK TRID UBSI VICL KOG MELI ACN
These are a few good looking stocks I'll be watching. I chose them using a combination of technicals & fundamentals leaning towards fundamentals for some and technicals for others. All the charts are strong though or they wouldn't be on the watch list, so... Do some home work and make some money.
Also, I came across a link on twitter to a good post. It was retweeted by @eradke originally from @EminExecutors . The name was so gangster I had to check the link out. It's their December newsletter and it's dope. It has charts that you can enlarge on it that are great. There's a Dow Jones Transports index ($DJT) chart on it I'd like to point your attention to. It's special because it shows a trend line break of a trend line found on the other indices but the rest haven't broken it. This stuck out to me because if you know anything about Dow Theory you know that it uses the $DJT as a leading indicator. The fact that it's breaking trend lines first is a bullish sign. This is rudimentary Dow Theory as many other factors need to be taken into account but it is a clue.. so... yeah. Here's the link> EminiExecutors December 2011 News letter