The next few trading weeks will be very important for technical traders.  This is because we are going to test a key technical indicator known as the 200-day moving average. When the market trades above the 200-day moving average, it is usually classified as a bull market. The reverse is true when the market trades below this indicator. Interestingly, this 200-day moving average is moving near the horizontal resistance level at 3300. In technical analysis, we term this as a confluence of signals. Hence with this confluence of horizontal resistance and 200-day moving average, this 3300 level will be a tough level to crack. However if this level is broken decisively, we expect the bulls to be back in droves and the 3300 level to become a support instead. However, should we fail to break this resistance it will be a good time to initiate some short positions in the market. Like what Jesse Livermore said in his book, “Ask not where the market is heading but what are you going to do when the market gets there”, we should follow the market movement and not tell the market where to go. With STI’s outlook in mind, we shall proceed to discuss three interesting stocks and analyze their possible movements in this volatile market.