Wednesday, April 6, 2011

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

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