Wednesday, January 26, 2011

Yesterday we saw a choppy day in the SPY after it tried tried to sell off but failed to go below the day befores low. This is a bullish sign, should the SPY trade above its two day range, we should see ome agressive buying. Today we also have the FOMC meeting, I will be careful with my morning stock seletion today as I expect to see activity in the afternoon session today.

Longs:

BHI
EMC
WMT
TJX
UNH
HD
KLAC
AMAT
XOM
HON
COF
MS

Breakouts:

LRCX>53.00
DIS> 40.00

Shorts:

GG
URBN
SLW

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