Longs: QCOM, PM, MCD (SAT), UAL
Breakouts: MRO>54.25, IAG>21.25, TEVA>51.25, JNJ>67.40, EMC
Shorts: SNDK (SAT), NVDA (SAT), TXN (SAT)
Notes:
UAL: SAT @ 23.50 and 50 SMA confluence.
SPY had a strong day yesterday after it rallied late in the day to recover the sell off in the morning. The market however is still in a range and that should be given due diligence and consideration. Yesterday the tech sector was strong, I have some breakouts in that sector along with a few saturation plays. Everything will depent on the open today and whether we open higher, lower or inside yesterday. The key level to watch in the SPY is 135.00 at the moment.
Breakouts: MRO>54.25, IAG>21.25, TEVA>51.25, JNJ>67.40, EMC
Shorts: SNDK (SAT), NVDA (SAT), TXN (SAT)
Notes:
UAL: SAT @ 23.50 and 50 SMA confluence.
SPY had a strong day yesterday after it rallied late in the day to recover the sell off in the morning. The market however is still in a range and that should be given due diligence and consideration. Yesterday the tech sector was strong, I have some breakouts in that sector along with a few saturation plays. Everything will depent on the open today and whether we open higher, lower or inside yesterday. The key level to watch in the SPY is 135.00 at the moment.
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