Tuesday, April 5, 2011

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

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