Fridays Game Plan

Today is options expiration Friday. I will only be active in the morning, I wont trade the afternoon session. The direction isnt very clear at this moment in time, the SPY closed right off where it closed the day before after it went straight down in the morning session then straight up in the afternoon. The SPY bounced right off of the 20 DMA. If price manages to auction below yesterday than I expect to see continuation to the down side, but if price doesnt trade below yesterday I expect the market to resume its up move or chop around. The weakest sector yesterday was gold and the strongest were the retailers. Oil and semiconductors performed rather poorly yesterday compared to the financials. Today is a day to limit losses and trade with caution.

Longs:

WMT
HPQ
NVDA
CHK
BHI
AET
XOM
NOV
SLB

Breakouts:

EBAY> 31.60
HD>37.00
TJX>47.20

Shorts:

MWW
SLW