Monday, January 10, 2011

Monday's Game Plan

Looking at the price action from last week, we are still in range mode and are yet to clear levels. This is an indication that the market closed on balance. If we open in this range then there wont be much to do and if we break out then I expect to see volatility and follow through.

Longs:

WLP
HPQ
UNH
COF
CIEN


Shorts:

AUY
NEM
BMY
ABX
GG
TRV
M
AKS

Breakdowns:

KGC: 17.30

Breakouts:

AET>32.40

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