So, what should your strategy be in a market like this? Well, don't get stupid. Like I've heard many say before, there is no need to be a hero and buy up weak stocks. Know your plan of action. Know what is working (tech and various others) and what isn't (ANYTHING financial or housing related). Second of all, stick to the game plan which means stay with stocks that have clear entries, so that you'll know quickly if you're wrong if they move against you or right if they move with you. Lastly, use the volatility to your advantage. There are tons of ranges (wider than usual) out there in many stocks, letting you trade clear definable patterns profitably.
So without further adeiu I have a few charts to post up that I'm looking at that'll I share with you. Here they are...

NMX is sitting still around the 124 price level. I would hardly say that is treading water though. I think by looking at the chart that there will be a quick little dip down to the 118.50 area where it has nice support and has bounced off previously. It is clearly a buy there as I've outlined before. The range it has been trading in is undeniable and profitable. It also is a takeover target to boot making this stock a buy.

While GRMN bursts to the upside, SIRF a company that manufactures semiconductors for GPS systems has taken a dive here. It reported an inline quarter, which apparently was not enough to keep it afloat. That said, I am recommending a short of this stock around 20.30. This stock is going nowhere but down honestly. It's next support level is at 18.80, a nice gain from here. You can be sure this stock will continue to take it on the chin if the market goes lower (and higher).

AUXL is another supurb long. I'm finding it hard to believe that in this market I'm finding such strong stocks and charts. Well anyway, this stock broke out of consolidation above resistance at 17 and is consolidating that move breifly. This consolidation should be brief and for that reason I think the stock is a buy here around 17.25.

SRCL is coming down after a large pop from 44 to 51.50 (all time high). I believe that once it retests its breakout point at 45.75 it will regain its footing and start to move higher once again. Stop for this trade would be below the 50 sma.
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