Tuesday, June 28, 2011

Tuesdays Gameplan

Longs:BRCM (SAT@31.00-31.45)

Breakouts: SBUX>38.00, QCOM>55.00 (HBO), C>40.20 (HBO), MCD>83.00

Shorts: PNC (SAT@58.00), SBUX (SAT), WAG

Notes:

SPY still choppy and ranging between 130.00-126.50. Yesterdays rally was on below average volume. 200 SMA being right beneath the 126.50 level.

Not alot obvious right here, I have 8 ideas which I forced out of my list. I will wait for tape confirmation on any of those ideas and should the market not provide me with any confirmation, I would step aside.

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