Longs:EMC (SAT@27.00), UNH (SAT@47.50 and 50 SMA) , ACE (SAT@67 and 50SMA)
Breakouts: HpQ<35.50, SWN>44.00, EBAY<29.50, TWX <34.50
Shorts: AKAM, COF
Notes:
Very few plays in todays game plan due to the absence of conviction in any direction, the market is oversold at this level, making it difficult to go short. It is also very difficult to get long as the market is in a short term down trend. Trading agressively in this environment is a gamble.
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