Monday's Game Plan

The SPY is in a range between 129.65 and 127.13 I will be watching those levels nad how price reacts around them. A break above would be a bullish sign and a break below would be bearish. Last week, almost all the sectors declined except for the conglomerates and utilities sectors. Gold was the weakest sector last weak thus making it attractive to the short side this week. VXX continues to demonstrates ultra high volume on the daily chart signaling that a rally may be underway. I will be cautious this week with an eye on the FOMC meeting on Tuesday.

Longs:

GE
COF
MS
XOM
ORCL
TJX
UNH

Breakouts:

DIS>40.00
TWC>68.00
KO<62.50

Short:

TGT
MRK
GG
SLW