While I think the market may be vulnerable to more consolidation there are plenty of stocks with healthy charts. There have been plenty of breakouts the past two days and if you missed them it you may be tempted to chase them higher. However, there are still stocks at decent buying position. Long time readers know my affinity for following stocks trading in a narrow range. A stock trading in a narrow range offers traders the opportunity to precisely define their risk and maximize their risk to reward ratio.

I added the following two stocks to my watchlist and will be tracking them over the next few days for a possible entry.

$SLXP, Salix Pharmaceuticals, Ltd.(NASDAQ:SLXP)

$VFC, V.F. Corporation(NYSE:VFC)

Good Trading,

Joey