A Couple of Stocks Worth Watching

The first stock on my short term watch list is Genco Shipping (GNK). It's trading within a well developed channeling trend that might offer a good low risk/high reward entry point. Here's the chart:As you can see from the above chart, the entry point would be the lower trend line...it would be nice to see the stoch fall down to oversold levels right when the price hits the lower line. Shippers have been strong recently and a nice healthy pullback in a stong stock like this one would potentially be a great trade.

Another stock that's high on my list is Oshkosh Corp. This is more of a traditional break out trade. The key to this trade will be to wait for a pullback and I would also like to see the stoch come down from the current overbought level. Here's the chart with some annotations: These stocks may or may not offer up a trade, but I think they're worth watching. Just remember to wait for a good entry...good entry levels are indicated on the charts above. They may just continue to move up and I might be sitting on the sidelines because I missed the trade and that's okay because chasing stocks is not a good way to trade.

TLT