The following stocks are those that have made an interesting/bullish monthly candle close, or that are setting up for a possible technical break, and that I'm watching with the intent to trade.I am already long on a couple of these stocks and will be reviewing Option data early next week to decide on the particular new Option trades that I will be initiating.

I would be expecting those stocks that have made bullish monthly candle closes above key resistance levels to possibly pull back, at a minimum, to test these key levels.

HPQ: has made a monthly triangle breakout:

CAT: still watching:

MSFT: a monthly close above $37:

YUM: a monthly close above $75

M: a monthly close above $50

PFE: another monthly close above $30

PEP: watching the $87

CLF: watching for any bullish continuation:

The S&P500 closed above the 1,800 for the first time this week. Some stocks are pushing up to new levels too. The ones that I like are posted below. The monthly candles have another week to go beofre they close off and I'm keen to see where many of them finish up:

MRK: heading towards a triangle resistance level at $50:

MSFT: another weekly close above the $37 resistance level:

PEP: a double top forming or is a break of $87 just waiting to happen?

WMT: looking bullish as it pushes up to an all time high of $80:

YUM: this has broken through the key $75 resistance level:

BAC: this has made a weekly close above the $15 and is looking rather bullish. I am long Call options here. This stock has history back up at $55:

 

 

BK: this stock is heading up to test a key S/R zone at the $35 level. A break above this would be bullish and the stock has history up at $60:

 

 

M: Macys has closed at an all time high this week too:

 

 

VALE: watching for any potential triangle breakout:

 

 

WEN: watching for any bullish breakout here too:

 

 

X: I exited these Calls but will buy back in if bullish momentum picks back up:

 

 

YHOO: I already tracked one triangle break here but I'm on the lookout for another potential break. This time, the break I'm watching for is of the $40 level!

 

 

ZNGA: this closed the week out above the $4 level but I'm watching to see if it can close the month out above this S/R zone:

 

 

FB: I'm keeping an eye on the $45 level for a possible H&S:

GPS: this H&S didn't last long though!

MSFT: this stock continues to look bullish as it approached the key S/R level of $37. A break and close above this level would suggest attempts to regain previous highs of around $60:

YUM: this stock has managed to close the week back above the weekly support trend line. It has also stayed within the range bound by the 23.6% fib level. It is still below the daily Ichimoku Cloud though which is a bit of a concern:

 

 

AA: another bullish descending wedge break out story. I'm in on Call options on this stock:

ACI: I'm watching the trend line and Cloud here still. Starting to look interesting!

 

BTU: looking bullish now too after breaking back above the 200 EMA:

 

CLF: this took a while to get going after a trend line break but clearing the 200 EMA seems to have helped:

 

JOY: this seem to have finally cleared the bear trend line and the Ichimoku Cloud:

 

 

PFE: holding out nicely from the triangle break...so far:

WEN: looking bullish: