Fridays Game Plan

The SPY continued to trade in a narrow range yesterday with the SMH and the financials being the strongest sectors. These two sectors in particular when moving in sync can move the market. If they continue to demonstrate strength today then I expect to see a broadbased up day. Gold continued to demonstrate weakness yesterday after the after the GLD declned -2.47%. Today we have the US GDP report which could move the market.

Longs:

UNH
ALTR
UAL
MS
AET
LOW
HD
BHI
EMC
TXN
XOM
HON
HAL
NOV

Breakouts:

HUM>61.35
MET>47.75
DD> 50.50
AEM<66.75

Shorts:

MRK
JNJ
GG
SLW