Wednesday, February 9, 2011

The financials continued to demonstrate slight strength yesterday and that allowed the SPY slightly move higher on on volume less than the two days, it feels like this market is crawling its way up at the moment. I wont attempt to pick a top, I will remain very cautious at this price action and will trade only the best setups in the light of SPY demonstrating weakening signs day in and day out.

Longs:

COF
IAG
TOL
VLO
COH
HD
TRV
HON
CAT
MET
SLB

Breakouts:

LEN>20.70
WFC>34.25
BA>73.00
DD>(ID)
CIEN(ID)
JPM>46.00

Shorts:

CELG
ABT

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