Wednesdays Game Plan

The DOW breach the 12000 level yesterday after the market saw broad based bullish buying yesterday. The SPY also took out the key 113 level after the bulls regained shrugged off the news on Egypt. Today I will continue to keep an eye on Oil and financial stocks. Everyone is bullish at the moment and the market also took out key levels yesterday, if the market fails above these levels then that is a bearish sign. I will be cautious today as I have been burnt in the past when sentiment was at extremes.




Longs:



ALTR

WAG

EBAY

XOM

COF

ORCL

TXN

USB

CHK

JPM

DD

HPQ



Breakouts:



BMY< 25.10

URBN<33.60

DIS>40.00

NVDA



Shorts:



SNDK

CELG

M