The market is set to pull back this morning. After a gap up on Friday, most of my stocks to watch are a bit overextended anyway, so a pullback should bring them down to levels where I’d be interested in buying. Overall, I’m curious how long this rally can be sustained and I will be quicker to jump out of a trade with a profit if I feel like the market isn’t going to take care of me.

I’m watching ALXN and CHGG. Unfortunately, I don’t like either of these at their current levels. ALXN is my favorite and I’m looking for it to come down to mid $117s, near the 5 period simple moving average. Stay tuned on this. I probably won’t trade either of these today.