Monday, June 27, 2011

Mondays Game Plan

Longs: PM (SAT), XOM (SAT@76.35 & 200 SMA),

Breakouts: DD>52.00, BBY>33.00, JNJ<65.00, SWN<40.60, Shorts: PBR, JNPR, HD. Notes:

- SPY 200 SMA

- XOM 200 SMA

- Dollar Index about to breakout

-Premarket: EUR/USD rallying and SPY rallying as well which could be a good reason sell into a higher open making this market highly uncertain. I am going to continue to trade without a bias on direction while booking profits as soon as I get them. In other words, I am defensive.

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