Markets still in a range for now. It's earning seasons so we'll look to earnings plays to find momentum. These stocks can stay in play for several days.
Stocks on watch for Monday Feb 9th:
OPK- Finally showed some weakness Fri after being up for several weeks in a row. Look for a break below $13.40 for a short.
LC- Range break above $20.90.
YELP- Down big on earnings Friday. See if it drops below $45 support area or bounces.
GLUU- Overbought. Looking for a break of trendline support for a short. May need to pop higher before it's ready.
GENE- In a triangle. Looking for a move either way. Short on a pop with a stop above $4.50 or buy the breakout.
KORS- Filled the gap from Jan breakdown. Now let's see if it can break over resistance area around $73.
SM- I like this one if oil gets a bounce. I break out of it's range is also a break of the 100 DMA which could help it go.
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