Thursdays Game Plan

The SPY paused on below average volume yesterday above the key 130 level and held. The day was very narrow and volume was below average possibly signaling a lack of selling during yesterdays session. As long as 130 holds I remain bullish. However, if it fails then I might short really weak stocks or stand aside and do nothing. I will continue to pay attention to the OIH sector, it rallied on below average volume yesterday but remains on of the strongest sectors. I also expect to possibly see choppy action today ahead of the NFP release tomorrow.

Longs:

NVDA
HAL
DIS
HON
HPQ
DD
XOM
JPM

Shorts:

JNJ
ANF
M

Breakouts:

COF (id)