Editor's Note:

No new trades tonight.

Stocks could be volatile as they react to earnings from Google (GOOG) and Citigroup (C). GOOG reported a very strong quarter tonight. A lot of traders were leaning the wrong way and now GOOG is up +50 points after hours and nearing the $600 level. This could be bullish for the high-profile NASDAQ names.

Meanwhile Citigroup reports tomorrow morning. They are an extremely large financial company but they don't have the same strength that JPM does. C's results could disappoint. Thus the action tomorrow could be very sector specific.

If you are looking for a trade here is what's on my watch list:

HAL - Shares still have overhead resistance at $55.00 but I would consider bullish positions on a dip near $50.00.

BAX - Shares of BAX do not move very fast but the stock has been able to ignore a lot of the market volatility.

DGP - Gold has rallied to new all-time highs. A dip back toward $50 on the DGP could be a new entry point. Keep in mind this is a double-long ETF so it will see some volatility.

If you're looking for bearish trading ideas check out these symbols: MS, MXIM, and NVDA.

- James