Stocks to Watch Today

BioTime, Inc. (BTIM) - Shares of BioTime, Inc were on fire Tuesday after the company released positive news. The CEO of Biotime was also on CNBC earlier in the trading day. Resistance is located at $8.42 while support is $7.00.

Potash Corp. of Saskatchewan, Inc. (POT) - Shares of Potash Corp. of Saskatchewan, Inc. continued the recent break out on Tuesday. Potash Corp has resistance located at $127, if the stock can close above this level, I think it will retest $136-$140.

Zanett Inc. (ZANE) - Shares of Zanett Inc. continue to be very active. Zanett has resistance located at $3.09 & $3.57. A close below $2.50 would be bearish.

Amylin Pharmaceuticals, Inc. (AMLN) - Share of Amylin Pharmaceuticals, Inc have been on fire so far this week. Amylin Pharmaceuticals hit a new 52 week high on Monday at $23.93 which now acts as resistance.

Sequenom Inc. (SQNM) - Shares of Sequenom Inc. were back in the news on Tuesday. This time, Sequenom missed earnings estimates which is not good! If the stock falls under $6, I may try to go short for a quick trade. On the upside, $6.58 is the new resistance level to watch.

American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. were very weak on Tuesday. AIG has support located at $33.20, a close below this level would be bearish.

Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. continue to hold $1.00 which is bullish for the rest of the week. Cell Therapeutics now has resistance located at $1.11.

SIRIUS XM Radio Inc. (SIRI) - Shares of SIRIUS XM Radio continue to trade in a tight range...the stock has been pretty boring so far this week. Sirius XM Radio has resistance located at $1.00 and support at $0.82. Whichever price is broken first is where the stock is headed.

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - The financials had a great day on Tuesday which is bullish for FAS. I continue to watch the 52 week high ( $94.54 ) with this stock. You will not want to be in FAZ if FAS breaks to a ne 52 week high. Stocks that make new 52 week highs tend to move even higher.

DryShips, Inc. (DRYS) - Shares of Dryships Inc remain a solid buy below $6 in my opinion. When Dryships finally closes back above $6.20, I think it will start a new sustainable uptrend.

Research In Motion Ltd. (RIMM) - Shares of Research In Motion Ltd. are currently trading around $75 but my importantly, holding the recent gains. This is bullish action! Research in Motion traded in the $60's for the past 5 months and usually when a stock breaks out from a long trading range, it never looks back. Resistance is located at $80, we got close to this on Monday with a $76.95 print. Any pullback under $70 is a strong buy.

Goldman Sachs Group Inc. (GS) - Shares of Goldman Sachs Group Inc. (GS) have resistance located at $178.35. This is basically the only thing I am watching with this stock now. If Goldman Sachs would fall back below $170, I'd be a buyer.

Bank of America Corp (BAC) - Bank of America Corp has resistance located at $17.17, as soon as the stock closes above this level, it should trend even higher. We had a slightly pullback on Monday but BAC continues to hang in there. Any pullback under $16 is a strong buy.

Somaxon Pharmaceuticals, Inc. (SOMX) - Shares of Somaxon Pharmaceuticals, Inc. continue to be the Top Stock Gainer of 2010 with the exception to Zanett. With such a high title, you have to continue to watch it.

Alcoa, Inc. (AA) - Shares of Alcoa, Inc. have resistance at $13.90. Right now, the stock is trending along with It's 10 day moving average. When Alcoa closes back above $13.90, I will buy the stock.

Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices have support located at the 10 day moving average ( $8.77 ). Advanced Micro Devices hit my $9.25 target on Tuesday which I have been talking about for weeks now. $10 is the next major resistance level right now!

Freddie Mac (FRE) - Support = $1.18 - Resistance = $1.29

Fannie Mae (FNM) - Support = $1.00 - Resistance $1.07