15 Fundamentals To Win The Battle | The Kirk Report

15 Fundamentals To Win The Battle The Kirk Report

Friday's Game Plan

SPY: In total balance after yesterdays close, it failed to both breakout or breakdown. It is important to note that the Euro continues to rally while the SPY continues to lag behind. The SPY is also lagging behind both gold and oil which is another sign that sentiment might be shifting in US equities. The levels that I am watching in the SPY are the 134.00-132.70 as resistance and support, these levels are yesterdays high and low.

Sectors: Nothing notable to write about other than the persistant strength of the commodities and retail sectors as other sectors continue to demonstrate directionless indecision.

Longs:  HD, PM, SWN, ABT, HON
Sat Longs: RCL, SUN, TSO, TGT, VLO

Breakouts: TWC>72.50, TRV>60, JDSU<18.50, TXN>35.25, JPM>48.00, DD>56.00
Volatility: (AKAM S=36.90 R=37.50) (CIEN S= 26.10 R= 26.75)

Shorts: BBY, COH

Sat Shorts: NEM

Wednesdays Game Plan

SPY: It wasn't difficult to find the SPY in my ETF list today, it was where it has been for a while which is right in the middle of the list. Yesterday we had another directionless movement and unless we get a catalyst, this market is going no where.

Sectors: Unchanged, except for gold that surged to record highs. I will be looking for continuation today in that sector and in the retail and basic materials sectors as the continue to demonstrate strength.

Longs: TJX, GG, IAG, TSO

Sat Longs: PNC, WLP, JNPR, ARUN, KLAC,UAL

B.O: HD>37.80, DOW>39, JCP>37.50, COST>75.50, PM>66.00, TWC>72.50

Volatility: BK, KO, SWN, CCL, NVDA, JDSU

Shorts: BRCM, JNPR, UAL

Sat Shorts: GG, IAG

Tuesday's Game Plan

SPY: The market traded in an another narrow range day yesterday as it formed an inside day. The levels I am watch are 132.90 & 132.30 as support, as resistance I am watching the 133.80 & 134.50 as resistance.

Sectors: The weakest sector was technology again yesterday which was led by the SMH industry to the downside. Oil and basic materials along with the healthcare sector were the strongest.

Longs: ABT, TSO, UNH, ORCL, WLP

Saturation Longs: BBY, EMC, JNPR, HPQ, NVDA

Breakouts: ADSK>44.50, HD>37.80, RCL<40.50, CCL<38.00, TWC>72.50

Volatility: AKAM, BK, DD, GG, PNC, PCAR, TRV, STT

Saturation Shorts: KO, ACE

Mondays Game Plan

SPY: Another directionless day in the SPY in the previous session while it also slowly creeps to the upside. The rally that commenced on the 16th is by no means strong as volume has been below average and every move was initiated through a gap. The levels I am watching at the 133.50 & 134.50 to act as resistance and 133.00 and 132.50 to act as support.

Sectors: Lately there has been a notable divergence in the market internal ETF's with the DIA,IWM and EEM being stronger then the SPY and much stroger then the lagging QQQ the NASDAQ ETF. This tells me that all is not well in the market and that this rally should be treated with extreme caution unless the QQQ catches up with the rest of the group, its lagging action will hold this market down.

Longs: WDC, ORCL, WLP, ABT, PCAR

Saturation Longs: KGC, BRCM

Breakouts: INTU>54.50, HD>37.90, TWC>72.50, ADSK>44.40, RCL<40.50

Volatility: UNH, VLO, XOM. TJX

Shorts: LEN, BRCM, JDSU

Saturation Shorts: HIG, WAG, INTU, COST

Friday's Game Plan

SPY: Inside day in the SPY, not much to write about there. The levels to watch are the same from yesterday.

Sectors: Unchanged from the day before, nothing is demonstrating clear order flow at the moment. The stock market is very stock specific.

Longs: INTU, UNH

Sat Long: LEN, AXP, LOW, AKS

Breakouts:ADSK>44.50, ORCL>34.00, BBY< 28.50

Volatility: PM, STT, HPQ, CCL

Sat Shorts: COST, BK, INTU