Wednesday, June 15, 2011

Wednesdays Game Plan

Longs: COF (SAT@48.00)

Breakouts:JNJ>67.35, MCO>42.00, EBAY< 29.50

Shorts: UAL, DIS, KO (SAT@66.00), ADSK, WDC (SAT@35.50)

Notes:

Premarket the EUR/USD has sold off after it bounced off of the 50% retracement level. Everything else is extremely choppy, no sector demonstrating leadership. I will remain careful in this environment, taking profit on momentum.

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