The stock market looks a little tired after its multi-day rally. I still expect corrections to be shallow with fund managers chasing performance. Here's a small list of stocks to watch for potential pull backs:
ACI - This is a coal stock that's been on fire lately. Broken resistance at $20.00 should be new support.
BUCY - Watch for a dip near $34.00 as a possible entry point.
CCJ - This uranium miner has closed over resistance at $30.00. Watch to see if there is any profit taking tomorrow. I suspect it will close near $30.00 for September's option expiration.
CLF - This metal producer has rallied past key resistance near $32.50 but I suspect any profit taking would bring it back toward $30.00.
CX - A bounce near $13.00 could be a new entry point.
PII - Today's action looks like a short-term reversal. Look to see if the stock bounces on a test of support near $40.00.
SLX - Steel stocks have been strong. This steel-sector ETF is at new 2009 highs. Broken resistance near $50.00 should be support. Watch for a pull back.