Wednesdays Game Plan

Yesterday the market rallied and formed an inside day, the levels in the SPY remain the same and any breach above or below them should set the tone for the upcoming move. The strongest sector yesterday was the financial sector and the weakest was commodities and the SMH sector. The fact that technology and the SMH were strong yesterday hindered the rally, this is what usually happens when the market is in balance.



Longs:

MMM
KLAC
JPM
SLW

Breakouts:

KO>65.90
WDC>36.80
DOW>39.00
CDE>35.50
RTN>52.50
JNPR>45.00
BIIB>72.00

Breakdowns:

LVS<42.00
ADSK<39.50

Inside days:

ADM(ID)
WLP(ID)
ABT(ID) at resistance
A(ID)
ALTR(ID)

Shorts:

NVDA
CIEN
JDSU