Morning Watchlist For Wednesday January 9, 2013

I would like to give a quick happy birthday to my son Brenton. He is celibrating his golden birthday today.

Today I am watching Celgene ( CELG) I am already short from the closing yesterday. I bought $90 strike puts, expecting a pullback in price.

I expect to go long the ( FAZ) even though I am not a big fan of leveraged ETFs. ( FAZ) has a TD13 on the daily bar a few days ago and is showing support.

I have an article that hit TheStreet.com today. Five Buys Near 52 Week Highs . Take a read if you want some more trading ideas.