Tuesday's Game Plan

The SPY sold off again yesterday but still remains in balance as it is yet to clear its key levels of 131.45-135.00. The entire market sold off yesterday along with commodities, gold and silver gapped higher but failed to hold as they both came in. The XLF is on the verge of a breakdown signaling that the financial sector could be weak and the SMH sector was the weakest sector yesterday among the sectors I follow. The picture looks gloomy but as of yesterday the market hasn't confirmed a direction yet. Thus I remain in momentum mode booking my profits more agressively once I have them. There aren't any major news releases today.

Longs:

HK
SLW
SD
ARUN

Breakouts:

KK>66.00
A(ID)
JNPR>44.60
ABT(ID)
COF<47.80
LVS<41.70

Shorts:

BK
NEM
HPQ
PCAR
AKAM
HIG