Names of Interest for the Week of 06/24/2012

Coming into a severely overbought market Thursday morning, I think many participants expected some variation of a "pullback." However, the dramatic nature of Thursday's action was surprising to me. From my perspective we still seem to be in a news driven market, where a rumor of a rumor can move us 100 points in a few minutes.

Despite the limited signs for a sustainable market trend presenting itself, I am still seeing some names with constructive price action coming into the week.

Here are a few, with the levels I will be using to manage.

  

Good Luck!

A Few Setups

The recent market action seems to be showing early signs of stabilization. Granted there is significant headline risk, however such risks can be difficult to quantify and or predict. As a result I will continue to focus on the price structure of the market.

Here are a few names I came across so far this weekend that have been acting constructively.

Best of luck this week!