Tuesday, February 1, 2011

Tuesdays Game Plan

The oil and energy accompanied by the financials sectors yesterday helped the SPY hold up after the sell off on Friday. The up day yesterday which was also an inside day was on below average volume, this sign is bearish but isnt enough to change the trend. The market is still in an uptrend with no real evidence to to think otherwise. Oil stocks continue to demonstrate strength.

Longs:

CHK
NOV
SLB
HAL
XOM
EMC
DD

Shorts:

AVP
MRK
URBN
JNJ
ABT
BMY

Breakouts:

VLO>26.00
NEM<54.30
COF
AEM<67.00

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